PulteGroup Announces $1.5 Billion Increase to Share Repurchase Authorization

PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has approved a $1.5 billion increase to the Company’s share repurchase authorization. This increase brings the Company’s remaining share repurchase authorization to $2.1 billion.

“Following another year of record earnings and strong cash flows from operations, we are increasing our share repurchase authorization by $1.5 billion,” said Ryan Marshall, PulteGroup President and CEO. “This latest increase, along with the 10% increase in our dividend in the fourth quarter of 2024, reflects our well established commitment to return excess funds to our shareholders.”

The Company returned $1.4 billion to shareholders through dividends and share purchases in 2024, and has returned over $8.4 billion to its shareholders over the past decade. Since initiating the program in 2013, the Company has repurchased over 50% of its shares outstanding.