KBH - KB Home Flexes Financial Muscle: Approves $1B Stock Repurchase Plan & 25% Dividend Hike | Benzinga
KB Home (NYSE:KBH) said its Board of Directors authorized the repurchase of up to $1.00 billion of the company’s outstanding common stock.
The latest approval will replace a prior authorization, which had $113.6 million remaining.
KB Home intends to continue its share repurchases in 2024 in a projected range of $200 million-$400 million for the full year, including $50 million of share repurchases completed during the first quarter.
The Board also approved an increase in the quarterly cash dividend on the stock ...