KB Home Announces New $1 Billion Share Repurchase Authorization and Increase in Quarterly Dividend

LOS ANGELES--(BUSINESS WIRE)---- $KBH #dividend--KB Home (NYSE: KBH) today announced that its Board of Directors authorized the repurchase of up to $1.00 billion of the Company’s outstanding common stock, replacing a prior authorization, which had $113.6 million remaining. The Company intends to continue its share repurchases in 2024 in a projected range of between $200 million and $400 million for the full year, including $50 million of share repurchases completed during the Company’s 2024 first quarter. The Com