D.R. Horton Increases Quarterly Dividend to $0.50 per Share
Homebuilder D.R. Horton (DHI) has announced an 11.1% increase in its quarterly dividend, raising the payout from $0.45 to $0.50 per share. The dividend carries a forward yield of 1.37%, with the next payment scheduled for November 19, following a record date and ex-dividend date of November 12. The announcement comes amidst mixed financial performance for the company. While D.R. Horton reported revenue of $9.37 billion, which exceeded expectations by $260 million, its GAAP earnings per share (EPS) of $2.67 missed analyst estimates by $0.33. The company's recent guidance and macroeconomic pressures regarding interest rates continue to influence market sentiment.
Tickers: $DHI
Topics: dividends EPS miss guidance quarterly earnings revenue