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

Toll Brothers Inc. (NYSE:TOL) announced a quarterly dividend on Wednesday, September 16th. Investors 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 of this dividend is Friday, October 9th.

Toll Brothers has increased its dividend by an average of 0.2%annually 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% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Down 1.3%

TOL opened at $132.43 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.55 and a current ratio of 4.53. The stock’s 50 day moving average price is $146.39 and its 200-day moving average price is $144.16. Toll Brothers has a one year low of $123.14 and a one year high of $168.36. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 1.08 and a beta of 1.34.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.93 by $0.04. The company 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%.Toll Brothers’s quarterly revenue was down 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.73 EPS. On average, equities analysts forecast that Toll Brothers will post 12.81 EPS for the current year.

Toll Brothers Company Profile

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.