Pulte Hikes Quarterly Dividend By 13%, Expands Share Buyback Plan

PulteGroup Inc. late Wednesday said its board raised the quarterly dividend by 13% to 9 cents a share and increased the stock repurchase program by $300 million. The dividend will be paid on Jan. 5 to shareholders of record at the close of business on Dec. 15. Meanwhile, the homebuilder had $305 million remaining in its share buyback program at the end of the third quarter from the original $750 million. Shares of Pulte were unchanged in after-hours trading.