KB Home increases dividend by ~67% to $0.15 (NYSE:KBH)

KB Home (NYSE:KBH) declares $0.15/share quarterly dividend, 66.7% increase from prior dividend of $0.09.

Forward yield 1.5%

Payable Nov. 26; for shareholders of record Nov. 12; ex-div Nov. 10.

“With the momentum in housing market demand driving robust year-over-year net order expansion—in both our 2020 third quarter, as well as in the first five weeks of our fourth quarter, during which time our net orders have increased 39% relative to the comparable prior-year period—we believe we are well positioned to deliver higher revenues and drive significant improvement in our return on equity in 2021,” stated Jeffrey Mezger, CEO.

See KBH Dividend Scorecard, Yield Chart, & Dividend Growth.

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