KB Home Increases Dividend By 33%
Portfolio Pulse from Shivani Kumaresan
KB Home (NYSE:KBH) has announced a 33% increase in its quarterly cash dividend to $0.20 per share, resulting in an annualized dividend rate of $0.80 per share. The next dividend is payable on August 17, 2023. The company's Q2 FY23 sales grew by 3% to $1.77 billion, surpassing the analyst consensus of $1.42 billion.
July 14, 2023 | 9:54 am
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POSITIVE IMPACT
KB Home's dividend increase and strong Q2 FY23 sales growth could potentially attract more investors, leading to a positive impact on its stock price.
The increase in dividend is a positive signal to investors as it indicates the company's strong financial health. Additionally, the company's sales growth, which beat analyst expectations, further strengthens its financial position. These factors could potentially lead to an increase in the company's stock price.
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RELEVANCE 100