KB Home Flexes Financial Muscle: Approves $1B Stock Repurchase Plan & 25% Dividend Hike
KB Home Flexes Financial Muscle: Approves $1B Stock Repurchase Plan & 25% Dividend Hike
KB Home (NYSE:KBH) said its Board of Directors authorized the repurchase of up to $1.00 billion of the company's outstanding common stock.
KB Home(纽约证券交易所代码:KBH)表示,其董事会批准回购公司高达10亿美元的已发行普通股。
The latest approval will replace a prior authorization, which had $113.6 million remaining.
最新的批准将取代先前的授权,后者还剩1.136亿美元。
KB Home intends to continue its share repurchases in 2024 in a projected range of $200 million-$400 million for the full year, including $50 million of share repurchases completed during the first quarter.
KB Home打算在2024年继续进行股票回购,预计全年回购幅度为2亿至4亿美元,其中包括第一季度完成的5000万美元股票回购。
The Board also approved an increase in the quarterly cash dividend on the stock to $0.25 per share from $0.20 per share.
董事会还批准将该股的季度现金股息从每股0.20美元增加到每股0.25美元。
This 25% increase results in an annualized dividend of $1.00 per share with a yield of about 1.6% based on KB Home's closing price on April 17, 2024.
根据KB Home2024年4月17日的收盘价,这25%的增长使年化股息为每股1.00美元,收益率约为1.6%。
Together with the increase approved in July 2023, the company has increased its quarterly dividend by 67% in the past nine months.
加上2023年7月批准的增幅,该公司在过去九个月中将其季度股息增加了67%。
Also, the Board of Directors declared a quarterly cash dividend, at the $0.25 per share rate, which will be payable on May 23, 2024, to stockholders of record on May 9, 2024.
此外,董事会宣布按每股0.25美元的利率派发季度现金分红,该股息将于2024年5月23日支付给2024年5月9日登记在册的股东。
"With a strong balance sheet and confidence in our ability to generate a significant level of operating cash flow as we continue to evolve into a larger and more profitable company, we are committed to our balanced approach of investing in our growth while simultaneously returning a meaningful level of cash to stockholders," said Chairman and CEO Jeffrey Mezger.
董事长兼首席执行官杰弗里·梅兹格表示:“凭借强劲的资产负债表,并相信随着我们继续发展成为一家规模更大、利润更高的公司,我们有能力产生可观的运营现金流,我们致力于平衡地投资增长,同时向股东返还可观的现金。”
KB Homes held $668.1 million in cash and equivalents as of February 29, 2024.
截至2024年2月29日,KB Homes持有6.681亿美元的现金及等价物。
Price Action: KBH shares traded higher by 1.04% at $61.04 on premarket Friday.
价格走势:周五盘前KBH股价上涨1.04%,至61.04美元。
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