Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our common shares are listed on the New York Stock Exchange (Symbol: PHM). At January 24, 2025, there were 1,918 shareholders of record.
In November 2024, our Board of Directors approved a quarterly cash dividend of $0.22 per common share, payable on January 3, 2025, to shareholders of record on December 17, 2024. The declaration of future cash dividends is at the discretion of our Board of Directors and will depend upon our future earnings, capital requirements and liquidity, cash flows, and financial conditions.
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Issuer Purchases of Equity Securities
Total number
of shares
purchased (1)
Average
price paid
per share
Total number of
shares purchased
as part of publicly
announced plans
or programs
Approximate dollar
value of shares
that may yet be
purchased under
the plans or
programs
($000’s omitted)
October 1, 2024 to October 31, 2024 814,038 $ 139.41 814,038 $ 889,414 (2)
November 1, 2024 to November 30, 2024 788,499 130.80 788,499 $ 786,275 (2)
December 1, 2024 to December 31, 2024 860,862 120.09 860,862 $ 682,898 (2)
Total 2,463,399 $ 129.90 2,463,399
(1) During 2024, participants surrendered shares for payment of minimum tax obligations upon the vesting or exercise of previously granted share-based compensation awards. Such shares were not repurchased as part of our publicly-announced share repurchase programs and are excluded from the table above.
(2) On January 30, 2024, the Company announced that the Board of Directors approved a share repurchase authorization increase of $1.5 billion on January 29, 2024. There is no expiration date for this program, under which $682.9 million remained available as of December 31, 2024. During 2024, we repurchased 10.1 million shares for a total of $1.2 billion under this program. On January 29, 2025, the Board of Directors approved an increase to our share repurchase authorization by an additional $1.5 billion, which was publicly announced on January 30, 2025. There is also no expiration date for this program.
The information required by this item with respect to equity compensation plans is set forth under Item 12 of this Annual Report on Form 10-K and is incorporated herein by reference.
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Performance Graph
The following line graph compares, for the fiscal years ended December 31, 2020, 2021, 2022, 2023, and 2024, (a) the yearly cumulative total shareholder return (i.e., the change in share price plus the cumulative amount of dividends, assuming dividend reinvestment, divided by the initial share price, expressed as a percentage) on PulteGroup’s common shares, with (b) the cumulative total return of the Standard & Poor’s 500 Stock Index and with (c) the Dow Jones U.S. Select Home Construction Index. The Dow Jones U.S. Select Home Construction Index is a widely-recognized index comprised primarily of large national homebuilders. We believe comparison of our shareholder return to this index represents a meaningful analysis for investors.
COMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN*
AMONG PULTEGROUP, INC., S&P 500 INDEX, AND PEER INDEX
Fiscal Year Ended December 31, 2024
2019 2020 2021 2022 2023 2024
PULTEGROUP, INC. $ 100.00 $ 112.65 $ 151.00 $ 121.98 $ 279.07 $ 296.48
S&P 500 Index - Total Return 100.00 118.40 152.39 124.79 157.59 197.02
Dow Jones U.S. Select Home Construction
Index 100.00 126.99 190.20 140.90 238.93 244.95
* Assumes $100 invested on December 31, 2019, and the reinvestment of dividends.
ITEM 6. [RESERVED]
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