PulteGroup Declares $0.26 Dividend as Raymond James Lifts Price Target to $145
PulteGroup declared a $0.26 per share quarterly dividend payable April 2, 2026 to shareholders of record March 17, 2026. Raymond James maintained its Outperform rating on PulteGroup and raised its price target from $140 to $145 after Q4 net income of $502 million despite $81 million asset‐divestiture and $35 million land impairment charges.
1. Board Declares Quarterly Cash Dividend
PulteGroup’s Board of Directors has approved a quarterly dividend of $0.26 per common share, payable April 2, 2026, to shareholders of record as of March 17, 2026. This marks the company’s 45th consecutive quarterly payout and underscores PulteGroup’s commitment to returning capital to investors. The dividend represents an annualized yield of approximately 0.8% based on the company’s market capitalization of $25.4 billion and reflects strong cash flow generation from its operations in more than 45 markets across the United States.
2. Expansion of Build Your Future Scholarship Program
The company has renewed its PulteGroup “Build Your Future” SkillPointe Scholarship, allocating awards ranging from $3,000 to $5,000 for individuals pursuing career paths in residential homebuilding that do not require a four-year degree. Administered by the SkillPointe Foundation, the program focuses on talent development in Florida, Georgia, North Carolina, South Carolina and Texas. Since inception, SkillPointe has raised nearly $10 million for high-demand skills scholarships. Applications are open through May 8, 2026, reinforcing PulteGroup’s strategy to support workforce development and mitigate skilled-labor shortages in key growth markets.
3. Raymond James Affirms Outperform Rating
On February 3, 2026, Raymond James maintained its Outperform rating on PulteGroup, citing strong fourth-quarter results and strategic asset optimizations. The firm raised its 12-month price target from $140 to $145, reflecting confidence in the company’s ability to deliver sustainable earnings growth. In Q4, PulteGroup reported net income of $502 million, or $2.56 per share, despite recording an $81 million pre-tax charge related to asset divestitures and a $35 million pre-tax land impairment. These charges totaled $0.45 per share but did not hinder the company’s overall return on capital, which remained above 20% for the period.