D.R. Horton Declares $0.45 Quarterly Dividend, Payable May 14
D.R. Horton, Inc., the largest homebuilder in the U.S., declared a quarterly cash dividend of $0.45 per share. The dividend is payable May 14, 2026 to shareholders of record as of May 7, 2026.
D.R. Horton, Inc. (NYSE: DHI), the largest homebuilder in the United States, declared a quarterly cash dividend of $0.45 per common share on April 21, 2026. The dividend will be paid on May 14, 2026 to stockholders of record on May 7, 2026. Read more dividend announcements.
The dividend declaration came alongside the company's second fiscal quarter 2026 earnings announcement. D.R. Horton paid cash dividends totaling $129.7 million during its second fiscal quarter, bringing total dividend payments to $261.2 million for the six months ended March 31, 2026.
| Dividend Details | Information |
|---|---|
| Amount | $0.45 per share |
| Record Date | May 7, 2026 |
| Payment Date | May 14, 2026 |
| Type | Quarterly Cash Dividend |
Second Quarter Financial Performance
D.R. Horton reported net income of $647.9 million, or $2.24 per diluted share, for the second fiscal quarter ended March 31, 2026, down 20% and 13% respectively from the prior year period. Consolidated revenues reached $7.6 billion, with home sales revenues of $7.0 billion on 19,486 homes closed.
The company's consolidated pre-tax income totaled $867.4 million with a pre-tax profit margin of 11.5%. Net sales orders increased 11% to 24,992 homes with an order value of $9.2 billion.
Capital Allocation and Share Repurchases
During the second quarter, D.R. Horton repurchased 6.0 million shares of common stock for $903.6 million. For the six months ended March 31, 2026, the company repurchased 10.4 million shares totaling $1.6 billion. Common shares outstanding at quarter end totaled 284.9 million, down 8% from a year ago.
The company's remaining stock repurchase authorization stood at $1.7 billion at the end of the second quarter. D.R. Horton maintains guidance for fiscal 2026 share repurchases of approximately $2.5 billion and dividend payments of approximately $500 million.
Balance Sheet Metrics
Book value per share increased 5% to $82.91 at March 31, 2026. The company's debt to total capital ratio was 21.7% at quarter end.
Fiscal 2026 Guidance
D.R. Horton updated its fiscal 2026 guidance to reflect consolidated revenues in the range of $33.5 billion to $34.5 billion and homes closed by homebuilding operations of 86,000 to 87,500 homes. The company reiterated guidance for an income tax rate of approximately 24.5% and consolidated cash flow from operations of at least $3.0 billion.