KB Home to Issue Quarterly Dividend of $0.25 (NYSE:KBH)

KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Thursday, February 5th will be paid a dividend of 0.25 per share by the construction company on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, February 5th.

KB Home has raised its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. KB Home has a dividend payout ratio of 13.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KB Home to earn $9.14 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 10.9%.

KB Home Trading Down 2.2%

KBH stock opened at $60.31 on Friday. The company has a market capitalization of $3.91 billion, a P/E ratio of 12.28, a PEG ratio of 8.13 and a beta of 1.43. The business has a 50 day simple moving average of $60.77 and a 200-day simple moving average of $61.00. KB Home has a twelve month low of $48.90 and a twelve month high of $70.47.

KB Home (NYSE:KBH) last released its quarterly earnings results on Thursday, December 18th. The construction company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.79 by $0.13. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.66 billion. KB Home had a net margin of 6.88% and a return on equity of 11.40%. KB Home’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.52 EPS. Research analysts predict that KB Home will post 8.42 EPS for the current fiscal year.

KB Home Company Profile

KB Home is an American homebuilding company headquartered in Los Angeles, California. Founded in 1957, it was among the first homebuilders to go public, offering investors access to one of the nation’s largest residential construction platforms. The company is structured to serve a broad spectrum of homebuyers, with a particular focus on first-time, first move-up and active adult segments. As a public company trading on the New York Stock Exchange under the symbol KBH, KB Home draws on decades of experience in land acquisition, construction and community planning.

At its core, KB Home designs and constructs single-family detached and attached homes, townhomes and condominium units.