KB Home (KBH) Cheers Investors With 25% Dividend Hike

In a bid to reward shareholders, KB Home (KBH) announced a 25% increase in its quarterly dividend and unveiled a new $1-billion share repurchase authorization. This replaces a previous authorization, which had$113.6 million remaining.KB Home intends to continue its share repurchases in 2024 in an estimated range of $200-$400 million for the full year, including $50 million of share repurchases completed during the first quarter.KBH increased its quarterly dividend to 25 cents per share (or$1 annually) fro ...