FORT WORTH, Texas--(BUSINESS WIRE)--Aug. 9, 2006--D.R. Horton,
Inc. (NYSE:DHI), America's Builder, Wednesday (August 9, 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, and a 50% increase over the $0.10 per share cash
dividend declared and paid last quarter. The dividend increase
reflects the Company's confidence in its earnings and cash generation
prospects for the future. The current dividend is payable on September
1, 2006 to stockholders of record on August 21, 2006.
D.R. Horton, Inc., America's Builder, is the largest homebuilder
in the United States, delivering more than 51,000 homes in its fiscal
year ended September 30, 2005. 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 Western
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.
Portions of this document may constitute "forward-looking
statements" as defined by the Private Securities Litigation Reform Act
of 1995. Although D.R. Horton believes any such statements are based
on reasonable assumptions, there is no assurance that actual outcomes
will not be materially different. All forward-looking statements are
based upon information available to D.R. Horton on the date this
release was issued. D.R. Horton does not undertake any obligation to
publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. Forward-looking
statements in this release include our confidence in the Company's
earnings and cash generation prospects for the future. Factors that
may cause the actual results to be materially different from the
future results expressed by the forward-looking statements include,
but are not limited to: changes in general economic, real estate
construction and other business conditions; changes in interest rates,
the availability of mortgage financing or increases in the costs of
owning a home; governmental regulations and environmental matters; the
Company's substantial debt; competitive conditions within the
industry; the availability of capital to the Company on favorable
terms; the Company's ability to successfully effect its growth
strategies; and warranty and product liability claims. Additional
information about issues that could lead to material changes in
performance is contained in D.R. Horton's annual report on Form 10-K
and most recent quarterly reports on Form 10-Q, which are filed with
the Securities and Exchange Commission.
WEBSITE ADDRESS: www.DRHORTON.com
CONTACT:
D.R. Horton, Inc., Fort Worth
Stacey Dwyer, 817-390-8200
SOURCE:
D.R. Horton, Inc.
