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

KB Home (NYSE:KBH) declared a quarterly dividend on Thursday, July 9th. Shareholders of record on Thursday, August 6th will be given a dividend of 0.25 per share by the construction company on Thursday, August 20th. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, August 6th.

KB Home has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. KB Home has a dividend payout ratio of 13.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KB Home to earn $4.45 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 22.5%.

KB Home Price Performance

NYSE KBH opened at $56.76 on Friday. The company has a fifty day moving average price of $52.72 and a 200-day moving average price of $55.79. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 9.36 and a beta of 1.34. KB Home has a 1 year low of $44.03 and a 1 year high of $68.71.

KB Home (NYSE:KBH) last released its quarterly earnings results on Tuesday, June 23rd. The construction company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). KB Home had a net margin of 4.94% and a return on equity of 7.67%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The firm’s revenue for the quarter was down 27.3% on a year-over-year basis. On average, research analysts anticipate that KB Home will post 3.29 EPS for the current fiscal year.

KB Home Company Profile

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.