PulteGroup (NYSE:PHM) 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.
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