PulteGroup, Inc. Announces $1.5 Billion Increase to Share Repurchase Authorization
30 Gennaio 2024 - 12:25PM
Business Wire
PulteGroup, Inc. (NYSE: PHM) announced today that its Board of
Directors has approved a $1.5 billion increase to the Company’s
share repurchase authorization. This increase brings the Company's
total share repurchase authorization to $1.8 billion.
“Given the record earnings of $11.72 per share and cash flows
from operations of $2.2 billion which PulteGroup delivered in
fiscal 2023, we are confident in increasing our share repurchase
authorization by $1.5 billion,” said Ryan Marshall, PulteGroup
President and CEO. “This latest authorization reflects our
expectation for continued strong cash flow from operations and our
longstanding commitment to returning excess funds to our
shareholders.”
Over the past decade, PulteGroup has returned over $7.0 billion
to its shareholders through the payment of dividends and share
repurchases. The Company has repurchased almost half of the 2013
shares outstanding since initiating the program over a decade
ago.
About PulteGroup
PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one
of America’s largest homebuilding companies with operations in more
than 40 markets throughout the country. Through its brand portfolio
that includes Centex, Pulte Homes, Del Webb, DiVosta Homes,
American West and John Wieland Homes and Neighborhoods, the company
is one of the industry’s most versatile homebuilders able to meet
the needs of multiple buyer groups and respond to changing consumer
demand. PulteGroup’s purpose is building incredible places where
people can live their dreams.
For more information about PulteGroup, Inc. and PulteGroup’s
brands, go to pultegroup.com; www.pulte.com; www.centex.com;
www.delwebb.com; www.divosta.com; www.jwhomes.com; and
www.americanwesthomes.com. Follow PulteGroup, Inc. on Twitter:
@PulteGroupNews.
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version on businesswire.com: https://www.businesswire.com/news/home/20240130092512/en/
Investors: Jim Zeumer (404) 978-6434
jim.zeumer@pultegroup.com
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