KB Home: raises dividend a third

(CercleFinance.com) - KB Home announces that its Board of Directors has approved an increase in its quarterly dividend by one third to 20 cents per share, representing an annualised rate of 80 cents per share and a yield of approximately 1.
5% on the last closing share price.

In addition, the homebuilder's board of directors has said that the next quarterly dividend of 20 cents per share will be payable on 17 August to shareholders on record on 3 August.

The company said that it also expects its cash generation capabilities to increase.


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