DR Horton Stock To Go Ex-dividend Tomorrow (DHI)
NEW YORK (TheStreet) -- The ex-dividend date for DR Horton (NYSE:DHI) is tomorrow, August 9, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $17.64 as of 9:30 a.m. ET, the dividend yield is 0.9%.
The average volume for DR Horton has been 7.8 million shares per day over the past 30 days. DR Horton has a market cap of $5.58 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 38.6% year to date as of the close of trading on Tuesday.
D.R. Horton, Inc. operates as a homebuilding company in the United States. The company's Homebuilding segment engages in the acquisition and development of land, and construction and sale of residential homes in 25 states and 73 markets in the United States primarily under the D.R. The company has a P/E ratio of 6.7, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates DR Horton as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full DR Horton Ratings Report.