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

Toll Brothers Inc. (NYSE:TOL) declared a quarterly dividend on Wednesday, September 16th. Shareholders of record on Friday, October 9th will be given a dividend of 0.26 per share by the construction company on Friday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, October 9th.

Toll Brothers has increased its dividend payment 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 dividend payout ratio of 7.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Toll Brothers to earn $13.95 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 7.5%.

Toll Brothers Stock Performance

NYSE TOL opened at $132.43 on Thursday. The firm has a market capitalization of $12.20 billion, a P/E ratio of 10.63, a PEG ratio of 1.08 and a beta of 1.34. The stock has a 50-day simple moving average of $146.39 and a two-hundred day simple moving average of $144.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. Toll Brothers has a fifty-two week low of $123.14 and a fifty-two week high of $168.36.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%.The company’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.73 earnings per share. On average, equities analysts forecast that Toll Brothers will post 12.81 earnings per share for the current year.

About Toll Brothers

Toll Brothers, Inc is a luxury homebuilding company that designs, constructs, markets and sells residential properties in the United States. The company develops communities featuring single-family detached homes, townhomes and condominiums, as well as active-adult communities and urban high-rise residences. Its offerings generally target move-up, luxury and resort-style homebuyers, with homes available in a range of designs, locations and customization options.

Through related operations, Toll Brothers also provides mortgage financing, title and settlement services, homeowners insurance and other services that support the home purchase process.