PHM - PulteGroup approves $1 billion increase in its share repurchase program
2023-04-25 06:43:00 ET
- PulteGroup ( NYSE: PHM ) has approved a $1.0 billion increase to the company’s share repurchase authorization.
- This brings the company’s total share repurchase authorization to $1.2B.
- “Given the strong operating and financial results of our homebuilding operations, we continue to strategically allocate capital to grow our business over time, while maintaining an appropriate capital structure and return funds to our shareholders,” said Ryan Marshall, PulteGroup President and CEO. “Even during this recent period of more volatile market dynamics, we have demonstrated our commitment to returning funds to shareholders as we focus on creating long-term shareholder value.”
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PulteGroup approves $1 billion increase in its share repurchase program