D.R. Horton, Inc. (DHI) to Distribute Quarterly Dividend of $0.45 on August 13th

D.R. Horton, Inc. (NYSE:DHI) announced a quarterly dividend on Tuesday, July 21st. Stockholders of record on Thursday, August 6th will be paid a dividend of 0.45 per share by the construction company on Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 6th.

D.R. Horton has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. D.R. Horton has a dividend payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect D.R. Horton to earn $11.92 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 15.1%.

D.R. Horton Price Performance

NYSE DHI opened at $142.24 on Thursday. The company has a current ratio of 2.64, a quick ratio of 0.97 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $150.57 and a 200 day simple moving average of $150.42. The company has a market cap of $40.34 billion, a P/E ratio of 13.53, a P/E/G ratio of 2.01 and a beta of 1.36. D.R. Horton has a 1 year low of $131.75 and a 1 year high of $184.54.

D.R. Horton (NYSE:DHI) last announced its earnings results on Tuesday, July 21st. The construction company reported $3.20 EPS for the quarter, topping the consensus estimate of $3.02 by $0.18. The firm had revenue of $9.23 billion for the quarter, compared to the consensus estimate of $9.10 billion. D.R. Horton had a net margin of 9.15% and a return on equity of 12.47%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $3.36 EPS. On average, sell-side analysts predict that D.R. Horton will post 10.6 EPS for the current year.

About D.R. Horton

D.R. Horton, Inc is a national homebuilding company that designs, constructs and sells new residential properties across the United States. The company’s core operations focus on building single-family detached homes, townhomes and condominiums for a range of buyer segments. In addition to home construction and sales, D.R. Horton provides complementary services through subsidiaries that support the mortgage, title and closing processes for its customers, enabling integrated transaction workflows from inventory development to home delivery.

Founded in 1978 by Donald R.