PulteGroup, Inc. announced today that its Board of Directors has authorized an additional $1.0 billion in share repurchases. With this increase, the Company’s total share repurchase authorization now stands at $1.2 billion.
Given the strong operating and financial results of our homebuilding operations, we will continue to strategically allocate capital to grow our business over time, while maintaining an appropriate capital structure and returning funds to our shareholders, stated Ryan Marshall, President and CEO of PulteGroup.
Even during this recent period of more volatile market dynamics, we have demonstrated our commitment to returning funds to shareholders while focusing on long-term shareholder value creation.
PulteGroup has returned more than $6 billion to its stockholders through dividends and share repurchases over the last decade.
PulteGroup, Inc. , headquartered in Atlanta, Georgia, is one of the country’s leading homebuilding corporations, operating in more than 40 cities across the country.
The business is one of the industry’s most adaptable homebuilders, able to fulfill the needs of diverse buyer groups and respond to changing consumer demand through its brand portfolio, which includes Centex, Pulte Homes, Del Webb, DiVosta Homes, American West, and John Wieland Homes and Neighborhoods.
The mission of PulteGroup is to create incredible locations where people can live their dreams.