» (PRN) D.R. Horton, Inc., America’s Builder, Declares Quarterly Cash Dividend, a 48% Increase

(PRN) D.R. Horton, Inc., America’s Builder, Declares Quarterly Cash Dividend, a 48% Increase

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(PRN) D.R. Horton, Inc., America’s Builder, Declares Quarterly Cash Dividend, a 48% Increase

D.R. Horton, Inc. (NYSE: DHI), America’s Builder, Thursday (January 12, 2006) announced that it has declared a cash dividend of ten cents ($0.10) per share. The current dividend represents a 48% increase over the $0.0675 per share quarterly cash dividend declared in the same quarter of last year, as adjusted for the fourfor -three stock split of March 16, 2005. The dividend is payable on February 10, 2006 to stockholders of record on January 27, 2006.

D.R. Horton, Inc., America’s Builder, is the largest homebuilder in the United States, delivering more than 51,000 homes in its fiscal year ended September 30, 2005. Founded in 1978 in Fort Worth, Texas, D.R. Horton has expanded its presence to include 74 markets in 25 states in the Midwest, MidAtlantic, Southeast, Southwest and Western regions of the United States. The Company is engaged in the construction and sale of high quality homes with sales prices ranging from $90,000 to over $900,000. D.R. Horton also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries.

Soure: chron.com

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