Homebuilder D.R. Horton Inc (DHI) will raise its dividend by 25 percent to $0.10 quarterly. The dividend is payable on December 12, 2016 to stockholders of record on November 28, 2016.

"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. With a sales backlog of 11,475 homes, a robust supply of lots and homes and positive sales trends in October, we are excited and ready to capitalize on market opportunities to deliver another strong performance in fiscal 2017." Donald R. Horton, Chairman of the Board, said.

The largest homebuilder by volume in the United States has a dividend yield of approximately 1.4% based on the current $27.76 stock price.

D.R. Horton, Inc. is a homebuilding company. The Company is engaged in the construction and sale of high-quality homes through its brand portfolio that includes D.R. Horton, Emerald Homes, Express Homes and Freedom Homes with sales prices ranging from $100,000 to over $1,000,000. D.R. Horton also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries.