BLOOMFIELD HILLS, Mich., July 24, 2013 /PRNewswire/ -- PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has declared a quarterly cash dividend of $0.05 per common share payable August 12, 2013, to shareholders of record at the close of business on August 5, 2013.
The Board of Directors also approved a share repurchase authorization of $250 million, raising the Company's total available authorization to $352 million. The Company may repurchase shares in the open market, in privately negotiated transactions, or otherwise, depending on prevailing market conditions and other factors. The share repurchase program may be suspended or discontinued at any time.
"These announcements illustrate our confidence in the long-term prospects of PulteGroup, and are consistent with our focus on enhancing shareholder value and our desire to return capital to our shareholders," said Bob O'Shaughnessy, Executive Vice President and Chief Financial Officer of PulteGroup.
Forward-Looking StatementsThis press release includes "forward-looking statements." These statements are subject to a number of risks, uncertainties and other factors that could cause our actual results, performance, prospects or opportunities, as well as those of the markets we serve or intend to serve, to differ materially from those expressed in, or implied by, these statements. You can identify these statements by the fact that they do not relate to matters of a strictly factual or historical nature and generally discuss or relate to forecasts, estimates or other expectations regarding future events. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "may," "can," "could," "might," "will" and similar expressions identify forward-looking statements, including statements related to expected operating and performing results, planned transactions, planned objectives of management, future developments or conditions in the industries in which we participate and other trends, developments and uncertainties that may affect our business in the future.