PulteGroup Maintains Dividend

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PulteGroup continues to build on its foundation of shareholder payouts. The company has declared its latest dividend, which is to be $0.05 per share paid on October 2 to shareholders of record as of September 24. That amount matches the homebuilder's previous distribution, which was paid last month.

That preceding payout was a reinstatement of the company's dividend. It had suspended it in November 2008 in the face of a downturn in the housing market. Along with the relaunched dividend, the firm's board authorized a $250 million expansion of its stock buyback program.

The just-declared dividend annualizes to $0.20 per share. That yields 1.2% at PulteGroup's current stock price of $16.58.

The article PulteGroup Maintains Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in PulteGroup, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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