- KB Home’s KBH board of directors has approved an expansion of the company's stock repurchase program from 2 million shares to up to 5 million shares of the company’s common stock.
- The Board of Directors also declared a quarterly cash dividend of $0.15 per share of common stock, payable on August 19, 2021, to stockholders of record on August 5, 2021.
- “We want to be positioned to repurchase our shares opportunistically and this increased authorization provides us with that flexibility," said CEO Jeffrey Mezger.
- The cash and equivalents of the company totaled $608.1 million as of May 31, 2021.
- Price action: KBH shares are trading higher by 1.34% at $39.35 premarket on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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