WASHINGTON (dpa-AFX) - PulteGroup, Inc. (PHM), a homebuilding company,
Tuesday announced that its board has approved a $1.5 billion increase in share
repurchase authorization.

With this, the total share repurchase authorization will be $1.8 billion.

'Given the record earnings of $11.72 per share and cash flows from operations of
$2.2 billion which PulteGroup delivered in fiscal 2023, we are confident in
increasing our share repurchase authorization by $1.5 billion,' said Ryan
Marshall, PulteGroup CEO.

Previously, the company had approved a $1.0 billion increase to the company's
share repurchase authorization in April 2023.

As per the company, it has returned over $7 billion to its shareholders through
the payment of dividends and share repurchases.

In pre-market activity, PulteGroup shares are trading at $103.02, down 2.87% on
the New York Stock Exchange.



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