KB Home Adopts $300M Share Repurchase Program

by Shivani Kumaresan, Benzinga Staff Writer

April 11, 2022 8:59 AM | 1 min read | Make a Comment

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.