WASHINGTON (dpa-AFX) - PulteGroup, Inc. (PHM) announced that its Board has approved a $1.5 billion increase to the company's share repurchase authorization. This increase brings the 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 CEO.
The company noted that it has returned $1.4 billion to shareholders through dividends and share purchases in 2024.
Based in Atlanta, Georgia, PulteGroup is a homebuilding company with operations in more than 45 markets throughout the country.
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