Dividend

KB Home Increases Quarterly Dividend

Company Raises Quarterly Cash Dividend 67% to $.15 Per Share

KB Home (NYSE: KBH) today announced that its Board of Directors approved an increase in the Company’s quarterly cash dividend on its common stock to $.15 per share from $.09 per share. This 67% increase raises the Company’s annual dividend rate to $.60 per share from the previous rate of $.36 per share, representing a yield of approximately 1.5%, based on the closing price of the Company’s common stock on October 8, 2020.

In addition, the Board of Directors declared the next quarterly cash dividend, at the $.15 per share rate, will be payable on November 26, 2020 to stockholders of record on November 12, 2020.

“As we have become a larger and more profitable company, generating significantly higher operating cash flow, our Board approved a meaningful increase in our cash dividend for the second consecutive year. We are managing our business to drive long-term stockholder value and remain committed to a balanced approach of expanding our scale while growing returns. In addition, we continue to prioritize returning cash to stockholders, primarily through our dividend, which we are proud to have consistently paid each quarter for more than 30 years,” said Jeffrey Mezger, Chairman, President and Chief Executive Officer.

“With the momentum in housing market demand driving robust year-over-year net order expansion—in both our 2020 third quarter, as well as in the first five weeks of our fourth quarter, during which time our net orders have increased 39% relative to the comparable prior-year period—we believe we are well positioned to deliver higher revenues and drive significant improvement in our return on equity in 2021,” continued Mezger.

About KB Home

KB Home is one of the largest and most recognized homebuilders in the United States and has been building quality homes

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Dividend Finance Announces New Lending Platform & Broader Suite of Loan Products

Dividend Finance Inc. (“Dividend”), a leading FinTech point-of-sale lender to solar and home improvement contractors, is announcing the launch of a new technology platform. In addition to a new solar + home improvement partner portal, Dividend is offering its solar contractors an array of new products and enhancements including:

  • Dividend Lite – a new single-page URL application which makes qualifying and signing up a customer faster and easier;

  • New solar loan terms including a 25-year 2.99% APR, 20-year 1.49% APR, 15-year 1.49% APR, and 10-year 0.99% APR*;

  • More flexible credit criteria and funding requirements; and

  • Same-day approvals and project funding

Dividend’s New Partner Portal
With solar and home improvement in one portal, Dividend is making it easier than ever for contractors to provide a fast and informative sales experience to their customers. Dividend’s new portal offers a faster credit application process, the ability for users to update and resend documents, automated change orders, and customizable pipeline functionality to better enable users to manage projects from start to finish.

“We’ve been listening to our contractor network and wanted to deliver a comprehensive overhaul in Q4 2020 with a diverse suite of loan product options, a more flexible point-of-sale experience, enhanced credit approvals, and a streamlined funding process. The residential solar industry has continued to thrive despite facing some major hurdles in 2020. We are proud to see so many of our installer partners working to find creative solutions in this challenging and rapidly-changing environment, and we will continue our efforts to deliver tools that help salespeople close more deals and business leaders run more efficient operations,” said Skyler Hopkins, Dividend’s SVP of Solar Sales.

Dividend Lite – The Single Page App
In addition to the new partner portal, Dividend has launched a single page application to provide maximum speed and flexibility

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Forget Coca-Cola, Home Depot Is a Better Dividend Stock

Finding a good dividend involves more than just screening for high yields and long track records of annual payout raises. Many blue chip businesses would show up in that search, but only a few of these stocks will end up generating the type of market-thumping returns that income investors are reaching for.

That fact shines through when stacking up two Dow giants, Coca-Cola (NYSE:KO) and Home Depot (NYSE:HD). While the beverage titan has plenty of attractive investment qualities, Home Depot looks like the better dividend stock right now.

A couple shopping for appliances.

Image source: Getty Images.

More ammunition

Sure, Coca-Cola pays a higher yield today, at over 3% compared with Home Depot’s 2%. But that gap is mainly due to investors’ judgments about the two companies diverging growth outlooks. Consumers are more focused on home improvements thanks to pandemic-related changes to shopping and work habits. These shifts have moved against Coke by severely limiting people’s mobility and densely attended events like concerts and sports.

Those limitations won’t last forever (Coke believes a full recovery might take less than two years). Yet it still seems likely that Home Depot will have more resources it can direct toward dividend boosts at least through 2021. The company last reported double-digit gains in both customer traffic and average spending per visit on the way to adding $8 billion of additional revenue to its sales base. Coke, in contrast, saw sales volumes drop 16% in the most recent quarter .

Dividend qualities

Home Depot was a more generous dividend payer even before the pandemic began supporting its finances in early 2020. Its last annual hike was 10%, compared with Coke’s 2.5%. Home Depot also targets returning over 50% of yearly earnings to shareholders as dividends. Rival Lowes (NYSE:LOW), on the other hand, targets a payout

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