PulteGroup Rewards Investors With 10% Dividend Hike: Will It Sustain?

Zacks11-15

PulteGroup, Inc. PHM announced a 10% hike in its quarterly cash dividend, reaffirming its commitment to boost shareholders’ value. This strategic move marks the sixth yearly increase in its dividend ...

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This strategic move marks the sixth yearly increase in its dividend ...</p>\n\n<a href=\"https://finance.yahoo.com/news/pultegroup-rewards-investors-10-dividend-154400340.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PulteGroup Rewards Investors With 10% Dividend Hike: Will It Sustain?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPulteGroup Rewards Investors With 10% Dividend Hike: Will It Sustain?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 23:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/pultegroup-rewards-investors-10-dividend-154400340.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PulteGroup, Inc. PHM announced a 10% hike in its quarterly cash dividend, reaffirming its commitment to boost shareholders’ value. This strategic move marks the sixth yearly increase in its dividend ...</p>\n\n<a href=\"https://finance.yahoo.com/news/pultegroup-rewards-investors-10-dividend-154400340.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4596","symbol_name":"哈里斯概念","start_time":0,"source_url":"https://finance.yahoo.com/news/pultegroup-rewards-investors-10-dividend-154400340.html","article_id":"2483775300","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/zLncjkVrD2zFBA6igaV4aw--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/88c458bb7b243688f90c431f8d26a904"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483775300","pubTimestamp":1731685440,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"PulteGroup, Inc. PHM announced a 10% hike in its quarterly cash dividend, reaffirming its commitment to boost shareholders’ value. This strategic move marks the sixth yearly increase in its dividend since 2019.This is one of the top 10 homebuilders that raised the quarterly dividend payout to 22 cents per share from 20 cents. The amount will be paid on Jan. 3, 2025, to shareholders of record as of Dec. 17, 2024. Impressively, PHM has doubled the per-share payout in the past six years.Based on yesterday’s closing price of $129.44 per share, it had a dividend yield of 0.6% and a five-year annual dividend growth rate of 11.8%.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4596":"哈里斯概念","BK4504":"桥水持仓","BK4561":"索罗斯持仓","BK4088":"住宅建筑","MTH":"Meritage Homes Corp","LEN":"莱纳建筑公司","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","DHI":"霍顿房屋","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","PHM":"普得集团","BK4585":"ETF&股票定投概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4211":"区域性银行","ISBC":"投资者银行","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","BK4588":"碎股","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC"},"translate_title":"PulteGroup以10%的股息上涨奖励投资者：它会持续吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MTH":1,"PHM":1,"ISBC":1,"DHI":1,"LEN":0.9,"US7Y.BOND":0.73,"US10Y.BOND":0.73,"US12M.BOND":0.73,"US2Y.BOND":0.73,"US30Y.BOND":0.73,"US3Y.BOND":0.73,"US5Y.BOND":0.73,"US6M.BOND":0.73},"content_text":"PulteGroup, Inc. PHM announced a 10% hike in its quarterly cash dividend, reaffirming its commitment to boost shareholders’ value. This strategic move marks the sixth yearly increase in its dividend since 2019.This is one of the top 10 homebuilders that raised the quarterly dividend payout to 22 cents per share from 20 cents. The amount will be paid on Jan. 3, 2025, to shareholders of record as of Dec. 17, 2024. Impressively, PHM has doubled the per-share payout in the past six years.Based on yesterday’s closing price of $129.44 per share, it had a dividend yield of 0.6% and a five-year annual dividend growth rate of 11.8%.\nEnhancement of Shareholder Value\nSince 2018, PulteGroup's board of directors has adopted a regular quarterly cash dividend policy. This solid capital allocation strategy — a testimony to the company’s stability amid the prevailing macroeconomic woes — drives long-term sustainable growth and shareholders’ value.In the first nine months of 2024, the company declared cash dividends totaling $126.2 million, up from $106.8 million in the comparable year-ago period.PulteGroup is also highly active on the buyback front. In the first nine months of 2024, the company repurchased 7.6 million shares under the repurchase authorization for $880 million. On Sept. 30, 2024, it had the remaining authorization of $1 billion in shares.Investors always prefer a return-generating stock. A high-dividend-yielding one is highly coveted. Stockholders are always looking for companies with a track record of consistent and incremental dividend payments.\nCan PHM Sustain Its Dividend Hikes Streak?\nIn the past year, PHM’s shares have gained 48.8%, demonstrating impressive resilience amid volatility and mixed industry data. This performance surpasses the Zacks Building Products - Home Builders industry’s 36% rise, as well as the broader Construction sector's 43.2% increase and the Zacks S&P 500 Composite's 33% growth.\nImage Source: Zacks Investment Research\nNotably, PHM has also outpaced other leading homebuilders like Lennar Corporation LEN, D.R. Horton DHI and Meritage Homes Corporation MTH.PulteGroup has presented resilience in the overall business amid tepidness among buyers due to affordability. In third-quarter 2024, its earnings grew 16% on 12% higher homebuilding revenues. For fourth-quarter 2024, the company expects to close 7,900-8,300 homes, depicting growth from 7,615 homes closed in the year-ago period.Recently, the Federal Reserve announced a quarter-point reduction in its benchmark interest rate to a range of 4.5-4.75%. This decision marks the second consecutive rate cut, following a half-point reduction in September, as the Fed aims to stimulate economic growth amid cooling inflation and a moderating labor market.With this rate cut, the housing market could see a resurgence in demand, with anticipated mortgage rates decreasing in the near future. PulteGroup, which has a strong market presence, mainly focuses on strategic investments and favorable valuation, which suggests it is well-positioned to capitalize on this boost. (Read more: Playing PulteGroup Stock as Fed's Rate Cut Sparks Housing Boost)\nZacks Rank\nPHM currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nPerformance of Other Companies\nA brief discussion of above-mentioned stocks’ recent earnings release.DHI reported fourth-quarter fiscal 2024 (ended Sept. 30, 2024) results, with earnings and revenues missing Zacks Consensus Estimate and decreasing on a year-over-year basis. D.R. Horton’s quarterly performance fell short of expectations primarily due to high mortgage rates and buyer hesitancy.LEN reported third-quarter fiscal 2024 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate. On a year-over-year basis, revenues increased, given the company’s emphasis on maintaining a steady production rate to drive sales momentum. Lennar strategically utilized pricing, incentives, marketing expenditure and dynamic pricing insights to ensure steady sales volume despite fluctuations in interest rates.MTH reported third-quarter 2024 results, wherein earnings and total closing revenues topped the Zacks Consensus Estimate but declined year over year. This is the seventh consecutive quarter of earnings and revenues beat.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPulteGroup, Inc. (PHM) : Free Stock Analysis Report\nLennar Corporation (LEN) : Free Stock Analysis Report\nD.R. Horton, Inc. (DHI) : Free Stock Analysis Report\nMeritage Homes Corporation (MTH) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483775300"}