KB Home (KBH) To Go Ex-Dividend on November 12th

KB Home (NYSE:KBH) declared a quarterly dividend on Thursday, October 8th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.25 per share by the construction company on Wednesday, November 25th. This represents a $1.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, November 12th.

KB Home has raised its dividend payment by an average of 0.2% per year over the last three years and has raised its dividend every year for the last 2 years. KB Home has a payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KB Home to earn $3.61 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 27.7%.

KB Home Stock Performance

KBH opened at $52.07 on Tuesday. The company has a fifty day moving average price of $47.50 and a two-hundred day moving average price of $53.44. The firm has a market capitalization of $3.16 billion, a PE ratio of 13.55, a P/E/G ratio of 2.76 and a beta of 1.36. KB Home has a 52 week low of $40.92 and a 52 week high of $67.57.

KB Home (NYSE:KBH) last posted its quarterly earnings results on Tuesday, September 22nd. The construction company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.17. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. KB Home had a return on equity of 6.56% and a net margin of 4.39%. The firm’s quarterly revenue was down 20.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.61 EPS. Equities analysts forecast that KB Home will post 3.26 EPS for the current year.

About KB Home

KB Home is a U.S. homebuilding company that plans and builds residential communities, primarily offering single-family homes and townhomes. Its homes are designed for a range of buyers, and the company allows customers to personalize aspects of their homes through its built-to-order approach.

Founded in 1957 as Kaufman & Broad, the company adopted the KB Home name in 2001. It serves homebuyers in markets across the United States, with operations in Western, Southwestern and Southeastern regions.

KB Home is headquartered in Los Angeles, California.