Toll Brothers Inc. Declares Quarterly Dividend of $0.26 (NYSE:TOL)

Toll Brothers Inc. (NYSE:TOL) declared a quarterly dividend on Wednesday, June 17th. Investors of record on Friday, July 10th will be given a dividend of 0.26 per share by the construction company on Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, July 10th.

Toll Brothers has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 5 years. Toll Brothers has a payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Toll Brothers to earn $14.16 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 7.3%.

Toll Brothers Stock Performance

Shares of TOL stock opened at $149.88 on Thursday. The business’s 50 day simple moving average is $139.86 and its 200 day simple moving average is $142.78. Toll Brothers has a one year low of $104.09 and a one year high of $168.36. The stock has a market capitalization of $14.01 billion, a PE ratio of 11.34, a PEG ratio of 1.27 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.67 and a quick ratio of 0.59.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 EPS. As a group, research analysts forecast that Toll Brothers will post 12.68 earnings per share for the current year.

Toll Brothers Company Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.