PulteGroup (PHM) will raise its quarterly dividend by 16.7 percent. This comes after a 9.1 percent hike to $0.12 per share announced last year and will mark the 3rd consecutive year of increases by the homebuilder.

The next dividend is payable January 5, 2021, to shareholders of record at the close of business on December 16, 2020. A new annual dividend rate of 56 cents per share will yield 1.3% at a stock price of $43.17.

“PulteGroup’s strong operating and financial results have again put us in position to raise our dividend,” said Ryan Marshall, PulteGroup President and CEO. “While working to ensure the safety of our employees, customers and trade partners, we have continued to operate consistent with our disciplined business, financial and capital-allocation policies which have been instrumental in PulteGroup’s long-term success.”

PulteGroup, Inc., based in Atlanta, Georgia, is one of America's largest homebuilding companies with operations in approximately 50 markets throughout the country. The company's brands include Centex, Pulte Homes, Del Webb, DiVosta Homes and John Wieland Homes and Neighborhoods.