KB Home (KBH) Announces $0.03 Quarterly Dividend

KB Home (NYSE:KBH) announced a quarterly dividend on Thursday, January 25th, RTT News reports. Investors of record on Thursday, February 8th will be given a dividend of 0.025 per share by the construction company on Thursday, February 22nd. This represents a $0.10 annualized dividend and a yield of 0.33%. The ex-dividend date is Wednesday, February 7th.

KB Home has a dividend payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KB Home to earn $3.16 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 3.2%.

Shares of KB Home (NYSE KBH) opened at $30.08 on Tuesday. The company has a current ratio of 5.36, a quick ratio of 1.22 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $2,672.38, a PE ratio of 16.44, a P/E/G ratio of 0.80 and a beta of 1.48. KB Home has a twelve month low of $15.88 and a twelve month high of $38.80.

KB Home (NYSE:KBH) last released its quarterly earnings data on Wednesday, January 10th. The construction company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.07. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. KB Home had a return on equity of 9.93% and a net margin of 4.13%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.40 earnings per share. analysts expect that KB Home will post 2.54 EPS for the current fiscal year.

KBH has been the topic of several research analyst reports. Wedbush lowered KB Home from an “outperform” rating to a “neutral” rating in a research note on Thursday, October 19th. Credit Suisse Group restated a “neutral” rating and issued a $38.00 price objective (up previously from $31.00) on shares of KB Home in a research note on Monday, January 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. restated an “underweight” rating and issued a $27.00 price objective (up previously from $25.50) on shares of KB Home in a research note on Tuesday, December 19th. Zacks Investment Research upgraded KB Home from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a research note on Tuesday, January 9th. Finally, Citigroup lowered KB Home from a “neutral” rating to a “sell” rating and set a $27.00 price objective on the stock. in a research note on Tuesday, January 2nd. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $29.07.

In other news, CFO Jeff Kaminski sold 125,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $32.53, for a total value of $4,066,250.00. Following the transaction, the chief financial officer now owns 237,775 shares of the company’s stock, valued at $7,734,820.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is currently owned by corporate insiders.

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About KB Home

KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.

Dividend History for KB Home (NYSE:KBH)

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