1 unchanged sentence
Our common stock is listed on the NYSE under the symbol “DHI.” As of November 13, 2023, the closing price of our common stock on the NYSE was $122.32, and there were approximately 265 holders of record.
−Removed: In October 2022, our Board of Directors approved a quarterly cash dividend of $0.25 per common share, payable on December 12, 2022, to stockholders of record on December 2, 2022.
+Added: In October 2023, our Board of Directors approved a quarterly cash dividend of $0.30 per common share, payable on November 28, 2023, to stockholders of record on November 21, 2023.
The declaration of future cash dividends is at the discretion of our Board of Directors and will depend upon, among other things, our future earnings, cash flows, capital requirements, financial condition and general business conditions.
We may repurchase shares of our common stock from time to time pursuant to our $1.0 billion common stock repurchase authorization, which was approved by our Board of Directors effective April 18, 2023, and which replaced our prior $1.0 billion common stock repurchase authorization.
−Removed: The authorization has no expiration date.
−Removed: During fiscal 2022, we purchased 14.0 million shares of our common stock for $1.1 billion.
−Removed: All share repurchases were made in accordance with the safe harbor provisions of Rule 10b-18 under the Securities Exchange Act of 1934, as amended (Exchange Act).
−Removed: We intend to use a trading plan under Rule 10b5-1 under the Exchange Act at any time we seek to repurchase shares during a self-imposed trading blackout period.
+Added: During fiscal 2023, we purchased 11.1 million shares of our common stock at a total cost, including commissions and excise taxes, of $1.2 billion.
At September 30, 2023, our remaining stock repurchase authorization was $234.0 million.
+Added: The share repurchases may be effected through Rule 10b5-1 plans or open market purchases, each in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended (Exchange Act).
+Added: Shares repurchased in July 2023 included 585,063 shares purchased pursuant to a trading plan under Rule 10b5-1 of the Exchange Act.
The following table sets forth information concerning our common stock repurchases during the three months ended September 30, 2023.
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(In millions)
−Removed: July 1, 2022 - July 31, 2022 19,400 $ 74.76 19,400 $ 688.5
−Removed: August 1, 2022 - August 31, 2022 513,500 72.81 513,500 651.1
−Removed: September 1, 2022 - September 30, 2022 3,023,347 70.39 3,023,347 438.3
+Added: July 2023 975,998 $ 123.21 975,998 $ 536.9
+Added: August 2023 2,066,704 122.12 2,066,704 284.5
+Added: September 2023 429,116 117.66 429,116 234.0
Total 3,471,818 $ 121.88 3,471,818 $ 234.0
+Added: _________________
+Added: (1) In October 2023, our Board of Directors authorized the repurchase of up to $1.5 billion of our common stock, replacing the previous authorization, which at that time had only $32.8 million remaining due to repurchases made subsequent to our fiscal year end.
+Added: The authorization has no expiration date.
During fiscal years 2023, 2022 and 2021, we did not sell any equity securities that were not registered under the Securities Act of 1933, as amended (Securities Act).
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.