PulteGroup, Inc. (NYSE:PHM) declared a quarterly dividend on Thursday, September 7th, RTT News reports. Shareholders of record on Tuesday, September 19th will be given a dividend of 0.09 per share by the construction company on Tuesday, October 3rd. This represents a $0.36 annualized dividend and a yield of 1.40%.

PulteGroup has increased its dividend payment by an average of 53.3% annually over the last three years and has increased its dividend every year for the last 3 years. PulteGroup has a dividend payout ratio of 16.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PulteGroup to earn $2.71 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 13.3%.

PulteGroup (PHM) traded down 0.70% on Thursday, reaching $25.45. The company’s stock had a trading volume of 1,035,409 shares. PulteGroup has a 12 month low of $17.69 and a 12 month high of $26.05. The firm’s 50 day moving average is $25.10 and its 200-day moving average is $23.81. The firm has a market cap of $7.68 billion, a P/E ratio of 14.08 and a beta of 1.08.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.45 by $0.02. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the firm earned $0.37 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that PulteGroup will post $2.09 EPS for the current year.

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Several analysts recently issued reports on the stock. Bank of America Corporation restated a “buy” rating and issued a $30.00 price objective (up from $29.00) on shares of PulteGroup in a report on Tuesday, June 27th. Credit Suisse Group assumed coverage on shares of PulteGroup in a report on Thursday, June 22nd. They issued an “outperform” rating and a $27.00 price objective on the stock. Zacks Investment Research upgraded shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, July 4th. Susquehanna Bancshares Inc lowered shares of PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 price objective on the stock. in a report on Wednesday, July 26th. Finally, Mizuho lowered shares of PulteGroup from a “neutral” rating to an “underperform” rating and set a $22.00 price objective on the stock. in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. PulteGroup has an average rating of “Hold” and an average price target of $25.08.

About PulteGroup

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

Dividend History for PulteGroup (NYSE:PHM)

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