D.R. Horton As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
DHI $1.00 0.0% 11.1% 12.5%
Business yield Hike yrs 5 yr CAGR freq. paid since
Homebuilding 0.9% 8 14.9% Quarter 1997
D.R. Horton hikes dividend by 14.3%

D.R. Horton (DHI) will raise its quarterly dividend by 14.3 percent to 20 cents per share in 2020. This comes after a 16.7 percent dividend hike to $0.175 per share in 2019 and also marks the homebuilding company's 6th consecutive year of dividend increases.

The next dividend is payable on December 14, 2020 to stockholders of record on December 4, 2020. A new annual rate of 80 cents per share yields 1.2% at a stock price of $64.95.

The new dividend rate results in an annual dividend payment of approximately $291 million to shareholders by D.R. Horton. The company has boosted its dividend by double digits ever year since 2015.

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.