KB Home Adopts $300M Share Repurchase Program

  • KB Home KBH said its Board of Directors authorized the repurchase of up to $300 million of its common stock.
  • The repurchase replaces prior authorization, which had 331,400 shares remaining.
  • The Board of Directors also declared a quarterly cash dividend of $0.15 per share, payable on May 19, 2022, to stockholders of record on May 5, 2022.
  • The company held $240.7 million in cash and equivalents as of February 28, 2022.
  • Price Action: KBH shares are trading lower by 0.64% at $30.82 in premarket on the last check Monday.
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