- 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.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.