D.R. Horton Board Increases Quarterly Cash Dividend By 25% - Quick Facts

(RTTNews) - D.R. Horton, Inc. (DHI) announced it has declared a quarterly cash dividend of $0.10 per common share, an increase of 25% compared to its most recent dividend paid. The dividend is payable on December 12, 2016 to stockholders of record on November 28, 2016.

Donald Horton, Chairman of the Board, said: "We remain focused on growing our revenues and pre-tax profits at a double-digit annual pace, while continuing to generate positive cash flows and improved returns. Based on our solid balance sheet, liquidity, profitability and cash flows, our Board of Directors increased our quarterly cash dividend by 25% to $0.10 per share."

For fiscal 2017, the company expects; consolidated pre-tax profit margin of 11.2% to 11.5%; consolidated revenues of $13.4 billion to $13.8 billion; and homes closed between 43,500 homes and 45,500 homes.