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Fort Washington, Pennsylvania – toll brothers Inc. (NYSE:), a prominent American luxury home builder, announced a 10% increase in its quarterly cash dividend, marking the company's fourth consecutive year of dividend increases. A shareholder of record as of April 5, 2024 will receive a dividend of $0.23 per share on April 19, 2024.
This decision by our Board of Directors reflects our continued financial health and commitment to delivering shareholder value. Toll Brothers is consistently recognized for its accomplishments, including being ranked on Fortune magazine's list of the World's Most Admired Companies for 10 consecutive years.
Dating back to 1967 and going public in 1986, the company has established a significant presence in the luxury homebuilding space, serving a diverse clientele across multiple states.
Toll Brothers operates in more than 60 markets in 24 states and the District of Columbia, serving a wide range of urban and urban populations, including first-time homebuyers, movers, empty nesters, working adults, and second-home buyers. We cater to home buyers. and suburban renters.
From architecture and engineering to mortgages and smart home technology, the company's broad scope and comprehensive services have cemented its position as an industry leader.
The company's success has been attributed to its vertical integration strategy, which includes in-house lumber distribution and housing component assembly operations, as well as its expansion into master-planned and golf course communities.
Investors interested in Toll Brothers' business and financial updates can access the information through the Investor Relations section of the company's website. Securities reports, investor event notifications, and news releases are available there.
The quarterly cash dividend increase is based on Toll Brothers' press release and represents a tangible return for investors following the company's strong performance in the luxury home construction market.
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