Toll Brothers Inc. (NYSE:TOL) Raises Dividend to $0.26 Per Share

Key Points

• Toll Brothers raised its quarterly dividend to $0.26 per share (a 4.0% increase from $0.25), with an ex-dividend and record date of April 10 and payment on April 24, yielding about 0.7% annualized.
• The dividend is well covered: the company has a current payout ratio of ~7.0% and analysts expect ~$15.66 EPS next year, implying an expected payout ratio near 6.4%; Toll has increased its dividend annually for five consecutive years.
• Toll Brothers posted a strong quarter, beating estimates with $2.19 EPS (vs. $2.05 expected) and revenue of $2.15 billion, up 15.4% year-over-year.

Toll Brothers Inc. (NYSE:TOL - Get Free Report) declared a quarterly dividend on Wednesday, March 11th. Investors of record on Friday, April 10th will be paid a dividend of 0.26 per share by the construction company on Friday, April 24th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, April 10th. This is a 4.0% increase from Toll Brothers's previous quarterly dividend of $0.25.

Toll Brothers has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Toll Brothers has a dividend payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Toll Brothers to earn $15.66 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 6.4%.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $143.19 on Thursday. The business's fifty day moving average price is $149.97 and its 200 day moving average price is $141.65. Toll Brothers has a twelve month low of $86.67 and a twelve month high of $168.36. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $13.56 billion, a P/E ratio of 10.23, a PEG ratio of 1.13 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The construction company reported $2.19 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.14. Toll Brothers had a return on equity of 16.83% and a net margin of 12.26%.The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $1.75 EPS. The company's quarterly revenue was up 15.4% compared to the same quarter last year. As a group, research analysts anticipate that Toll Brothers will post 13.83 earnings per share for the current year.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company's core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.

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