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

Key Points

• KB Home announced a quarterly dividend of $0.25 per share, payable May 21 to shareholders of record on May 7, implying a $1.00 annualized payout and about a 1.8% yield.
• The company reported a weak quarter (revenue down 22.6% YoY, EPS $0.52), but the dividend is modestly covered with a current payout ratio of 13.5% and analysts projecting future earnings that would keep the payout ratio in the low‑20% range.

KB Home (NYSE:KBH - Get Free Report) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Thursday, May 7th will be paid a dividend of 0.25 per share by the construction company on Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, May 7th.

KB Home has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. KB Home has a payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KB Home to earn $4.40 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 22.7%.

KB Home Price Performance

Shares of NYSE:KBH opened at $56.17 on Friday. The business's 50 day moving average price is $56.14 and its 200-day moving average price is $59.22. The firm has a market capitalization of $3.52 billion, a PE ratio of 14.26, a P/E/G ratio of 9.70 and a beta of 1.50. KB Home has a 1 year low of $48.17 and a 1 year high of $68.71.

KB Home (NYSE:KBH - Get Free Report) last issued its quarterly earnings results on Tuesday, March 24th. The construction company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.52. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. KB Home had a return on equity of 9.63% and a net margin of 5.96%.The business's revenue was down 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 earnings per share. As a group, analysts expect that KB Home will post 3.13 earnings per share for the current year.

Hedge Funds Weigh In On KB Home

Large investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its stake in shares of KB Home by 204.8% in the 3rd quarter. SG Americas Securities LLC now owns 69,078 shares of the construction company's stock valued at $4,396,000 after purchasing an additional 46,415 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of KB Home in the 3rd quarter valued at $1,551,000. Deprince Race & Zollo Inc. acquired a new position in shares of KB Home in the 3rd quarter valued at $59,301,000. iSAM Funds UK Ltd acquired a new position in shares of KB Home in the 3rd quarter valued at $1,451,000. Finally, Strs Ohio lifted its stake in shares of KB Home by 1,788.1% in the 3rd quarter. Strs Ohio now owns 79,300 shares of the construction company's stock valued at $5,047,000 after purchasing an additional 75,100 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company's stock.

About KB Home

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation's largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.

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