By Sabela Ojea
Toll Brothers is boosting its quarterly dividend by 9% to 25 cents a share.
The Fort Washington, Pa.-based home construction company on Tuesday said its board of directors approved increasing its quarterly payout to shareholders to 25 cents a share from 23 cents a share previously.
The new payout, equal to $1 a share annually, represents a yield of 0.94%, based on the company's latest closing price of $106.83.
The dividend will be paid April 25 to shareholders of record on the close of business April 11.
This is the fifth consecutive year Toll Brothers has raised its dividend.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 11, 2025 16:57 ET (20:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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