FORT WORTH, Texas--(BUSINESS WIRE)--Oct. 12, 2006--D.R. Horton,
Inc. (NYSE:DHI), America's Builder, the largest homebuilder in the
United States, Thursday (October 12, 2006), announced that it has
declared a cash dividend of fifteen cents ($0.15) per share. The
current dividend represents a 66 2/3% increase over the $0.09 per
share quarterly cash dividend declared in the same quarter of last
year. The current dividend is payable on November 1, 2006 to
stockholders of record on October 23, 2006.
D.R. Horton, Inc., America's Builder, is the largest homebuilder
in the United States, delivering more than 50,000 homes in both fiscal
years 2005 and 2006. Founded in 1978 in Fort Worth, Texas, D.R. Horton
has expanded its presence to include 83 markets in 27 states in the
Mid-Atlantic, Midwest, Southeast, Southwest and West regions of the
United States. The Company is engaged in the construction and sale of
high quality homes with sales prices ranging from $90,000 to over
$900,000. D.R. Horton also provides mortgage financing and title
services for homebuyers through its mortgage and title subsidiaries.
WEBSITE ADDRESS: www.DRHORTON.com
CONTACT: D.R. Horton, Inc.
Stacey Dwyer, EVP, 817-390-8200
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.