KB Home Declares Fourth Quarter 2009 Dividend
LOS ANGELES, Oct 01, 2009 (BUSINESS WIRE) -- The board of directors of KB Home (NYSE: KBH) has declared a quarterly
cash dividend of $.0625 per share on the Company's common stock, payable
on November 19, 2009 to stockholders of record on November 5, 2009.
About KB Home
KB Home, one of the nation's premier homebuilders, has delivered
hundreds of thousands of quality homes for families since its founding
in 1957. The Company is distinguished by its Built to Order(TM)
homebuilding approach that puts a custom home experience within reach of
its customers at an affordable price. KB Home's award-winning homes and
communities meet the needs of first-time homebuyers with flexible
designs that also appeal to move-up buyers and active adults. Los
Angeles-based KB Home was named the #1 homebuilder on FORTUNE(R)
magazine's 2009 "World's Most Admired Companies" list. This marks the
second year in a row and the third time in the past four years that KB
Home has achieved the top ranking. The Company trades under the ticker
symbol "KBH," and was the first homebuilder listed on the New York Stock
Exchange. For more information about any of KB Home's new home
communities, call 888-KB-HOMES or visit www.kbhome.com.
Certain matters discussed in this press release, including any
statements that are predictive in nature or concern future market and
economic conditions, business and prospects, our future financial and
operational performance, or our future actions and their expected
results are "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are based on current expectations and projections about
future events and are not guarantees of future performance. We do not
have a specific policy or intent of updating or revising forward-looking
statements. Actual events and results may differ materially from those
expressed or forecasted in forward-looking statements due to a number of
factors. The most important risk factors that could cause our actual
performance and future events and actions to differ materially from such
forward-looking statements include, but are not limited to: general
economic and business conditions; adverse market conditions that could
result in additional asset impairments or abandonment charges and
operating losses, including an oversupply of unsold homes and declining
home prices, among other things; conditions in the capital and credit
markets (including consumer mortgage lending standards, the availability
of consumer mortgage financing and mortgage foreclosure rates); material
prices and availability; labor costs and availability; changes in
interest rates; inflation; our debt level; weak or declining consumer
confidence; increases in competition; weather conditions, significant
natural disasters and other environmental factors; government actions
and regulations directed at or affecting the housing market, the
homebuilding industry, or construction activities; the availability and
cost of land in desirable areas; legal or regulatory proceedings or
claims; the ability and/or willingness of participants in our
unconsolidated joint ventures to fulfill their obligations; our ability
to access capital, including our capacity under our unsecured revolving
credit facility; our ability to use the net deferred tax assets we have
generated; our ability to successfully implement our current and planned
product, geographic and market positioning (including, but not limited
to, our plans to resume operations in the Washington, D.C. metro market)
and cost reduction strategies; consumer interest in our new product
designs, including The Open Series TM, and other
events outside of our control. Please see our periodic reports and other
filings with the Securities and Exchange Commission for a further
discussion of these and other risks and uncertainties applicable to our
business.
SOURCE: KB Home
KB Home
Kelly Masuda, Investor Contact
310-893-7434
kmasuda@kbhome.com
or
Heather Reeves, Media Contact
310-231-4142
hreeves-x@kbhome.com
Copyright Business Wire 2009