KB Home board authorizes $1 billion stock buyback, raises dividend by 25%
KB Home's board has authorized the repurchase of up to $1 billion in shares and raised the company's quarterly dividend to 25 cents a share from 20 cents.
KB Home's board has authorized the repurchase of up to $1 billion in shares and raised the company's quarterly dividend to 25 cents a share from 20 cents. An ETF that launched on Monday promises investors 100% downside protection if they hold on to the fund, which is intended to track the S&P 500, for a full year. [Read more]
Online real-estate listing service Zillow Group Inc. on Wednesday forecast second-quarter sales that were below expectations, as a stalled housing market weighs on first-time homebuyer demand and pushes some real-estate agents to the sidelines. [Read more]