PulteGroup (PHM) announced that its Board of Directors has approved a $1.5B increase to the company’s share repurchase authorization. This increase brings the company’s remaining share repurchase authorization to $2.1B. “Following another year of record earnings and strong cash flows from operations, we are increasing our share repurchase authorization by $1.5B,” said Ryan Marshall, PulteGroup President and CEO. “This latest increase, along with the 10% increase in our dividend in the fourth quarter of 2024, reflects our well established commitment to return excess funds to our shareholders.” The company returned $1.4B to shareholders through dividends and share purchases in 2024, and has returned over $8.4B to its shareholders over the past decade. Since initiating the program in 2013, the company has repurchased over 50% of its shares outstanding.
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