 D.R. Horton, Inc. (NYSE:DHI – Get Free Report) announced a quarterly dividend on Tuesday, October 28th. Shareholders of record on Thursday, November 13th will be given a dividend of 0.45 per share by the construction company on Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. This is a 12.5% increase from D.R. Horton’s previous quarterly dividend of $0.40.
D.R. Horton, Inc. (NYSE:DHI – Get Free Report) announced a quarterly dividend on Tuesday, October 28th. Shareholders of record on Thursday, November 13th will be given a dividend of 0.45 per share by the construction company on Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. This is a 12.5% increase from D.R. Horton’s previous quarterly dividend of $0.40. 
D.R. Horton has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. D.R. Horton has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect D.R. Horton to earn $14.44 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 12.5%.
D.R. Horton Stock Down 3.7%
Shares of NYSE DHI opened at $148.11 on Thursday. The stock has a market cap of $44.15 billion, a PE ratio of 12.78, a PEG ratio of 3.20 and a beta of 1.40. D.R. Horton has a 52-week low of $110.44 and a 52-week high of $184.54. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.19 and a current ratio of 6.48. The business has a fifty day moving average of $165.93 and a two-hundred day moving average of $144.03.
About D.R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.
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