Toll Brothers (TOL) will raise its quarterly dividend by 17.6 percent to 20 cents per share in 2022. This follows a dividend hike of 54.5 percent to 17 cents per share in 2021. The new annual dividend of 80 cents for TOL yields 1.9% at a stock price of $41.50.

Toll Brothers, Inc. is a builder of luxury homes. The company builds customized single and attached homes and also operates its own architectural, engineering, mortgage, title, security, landscape, insurance brokerage, and manufacturing operations. Toll Brothers builds in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The company operates its own architectural, engineering, mortgage, title, land development, golf course development, smart home technology, and landscape subsidiaries. The company also operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers initiated a dividend in 2017.