Toll Brothers Inc. (NYSE:TOL) Declares $0.26 Quarterly Dividend

Toll Brothers Inc. (NYSE:TOL – Get Free Report) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Friday, July 10th will be given a dividend of 0.26 per share by the construction company on Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, July 10th.

Toll Brothers has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 5 years. Toll Brothers has a dividend payout ratio of 7.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Toll Brothers to earn $14.16 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 7.3%.

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Toll Brothers Trading Down 2.2%

NYSE:TOL opened at $149.88 on Thursday. The company has a fifty day moving average of $139.86 and a 200 day moving average of $142.78. Toll Brothers has a 52 week low of $104.09 and a 52 week high of $168.36. The company has a quick ratio of 0.59, a current ratio of 4.67 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $14.01 billion, a P/E ratio of 11.34, a P/E/G ratio of 1.27 and a beta of 1.36.

Toll Brothers (NYSE:TOL – Get Free Report) last posted its quarterly earnings results on Tuesday, May 19th. The construction company reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a net margin of 11.66% and a return on equity of 15.47%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same period in the prior year, the business posted $3.50 EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. On average, research analysts predict that Toll Brothers will post 12.68 earnings per share for the current year.

Toll Brothers Company Profile

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Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.

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