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Toll Brothers hikes dividend by 10% amid strong performance

EditorNatashya Angelica
Published 03/12/2024, 05:17 PM
© Reuters.

FORT WASHINGTON, Pa. - Toll Brothers , Inc. (NYSE:TOL), a prominent builder of luxury homes in the United States, has declared a 10% increase in its quarterly cash dividend, marking the fourth consecutive year of dividend growth for the company. Shareholders of record as of April 5, 2024, will receive a dividend of $0.23 per share on April 19, 2024.

This decision by the Board of Directors reflects the company's continued financial health and commitment to delivering shareholder value. Toll Brothers has consistently been recognized for its business performance, including a decade-long streak on the Fortune World’s Most Admired Companies list.

With a history dating back to 1967 and a public listing since 1986, the company has established a significant presence in the luxury home building sector, serving a diverse clientele across multiple states.

Toll Brothers operates in over 60 markets within 24 states and the District of Columbia, catering to a variety of homebuyers, including first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters.

The company's broad reach and comprehensive services, from architecture and engineering to mortgage and smart home technology, have solidified its position as a leader in the industry.

The company's success is also attributable to its expansion into master-planned and golf course communities, along with its vertical integration strategy, which includes in-house lumber distribution and house component assembly operations.

Investors interested in Toll Brothers' business and financial updates can access information through the Investor Relations section of the company's website, where securities filings, investor event notices, and news releases are made available.

The increase in the quarterly cash dividend is based on a press release statement from Toll Brothers, Inc. and provides a tangible return to investors following the company's strong performance in the luxury home building market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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