ARLINGTON, Texas, July 22 /PRNewswire-FirstCall/ -- D.R. Horton, Inc.
(NYSE: DHI) Thursday (July 22, 2004) announced that it has declared a cash
dividend of eight cents ($0.08) per share. Adjusted for the three-for-two
stock split of January 12, 2004, the current dividend represents a 71%
increase over the $0.07 per share quarterly cash dividend declared in the same
quarter of last year. The dividend is payable on August 20, 2004 to
stockholders of record on August 6, 2004.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040722/DHILOGO )
Founded in 1978, D.R. Horton, Inc. is engaged in the construction and sale
of high quality homes designed principally for the entry-level and first time
move-up markets. D.R. Horton currently builds and sells homes in 21 states
and 51 markets, with a geographic presence in the Midwest, Mid-Atlantic,
Southeast, Southwest and Western regions of the United States. The Company
also provides mortgage financing and title services for homebuyers through its
mortgage and title subsidiaries.
WEBSITE ADDRESS: http://www.DRHORTON.com
SOURCE D.R. Horton, Inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding D.R. Horton's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.