D.R. Horton (DHI) will raise its quarterly dividend by 12.5 percent to 22.5 cents per share in 2021. This comes after a dividend hike of 14.3 percent to 20 cents per share by DHI in 2020. The next DHI dividend is payable on December 15, 2021 to stockholders of record on December 6, 2021.

“We remain focused on maximizing returns and capital efficiency in each of our communities while increasing our market share. Our strong balance sheet, liquidity and low leverage provide us with significant financial flexibility. We plan to maintain our disciplined approach to investing capital to enhance the long-term value of our company, including returning capital to our shareholders through both dividends and share repurchases on a consistent basis.” said Donald R. Horton, Chairman of the Board, about the dividend.

D. R. Horton 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.