KB Home Announces Quarterly Dividend of $0.25 (NYSE:KBH)

Key Points

• KB Home announced a quarterly dividend of $0.25 per share, with an ex-dividend date of November 13 and payment scheduled for November 26.
• The company's dividend payout ratio is 13.5%, indicating the dividend is well covered by earnings, with expected future earnings supporting this payout.
• In its latest earnings report, KB Home reported EPS of $1.61, exceeding estimates, but revenue declined 7.4% year-over-year to $1.62 billion.

KB Home (NYSE:KBH - Get Free Report) announced a quarterly dividend on Thursday, October 9th. Stockholders of record on Thursday, November 13th will be given a dividend of 0.25 per share by the construction company on Wednesday, November 26th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Thursday, November 13th.

KB Home has a dividend payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect KB Home to earn $9.14 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 10.9%.

KB Home Stock Performance

Shares of KBH stock opened at $57.60 on Friday. The firm's 50 day moving average price is $63.02 and its 200-day moving average price is $57.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.23 and a current ratio of 2.13. KB Home has a one year low of $48.90 and a one year high of $85.92. The firm has a market cap of $3.92 billion, a P/E ratio of 7.63, a P/E/G ratio of 4.92 and a beta of 1.40.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings data on Wednesday, September 24th. The construction company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.50 by $0.11. KB Home had a net margin of 7.92% and a return on equity of 12.91%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business posted $2.04 EPS. The business's revenue for the quarter was down 7.4% compared to the same quarter last year. As a group, equities research analysts predict that KB Home will post 8.42 EPS for the current year.

About KB Home

KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.

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