8-KOther EventsExhibits & Filings

HORTON D R INC /DE/ 8-K Report, Corporate Update (Dec 7, 2012)

Filed December 7, 2012For Securities:DHI

Summary

This 8-K filing from D.R. Horton, Inc. (DHI) on December 7, 2012, announces a significant financial decision by its Board of Directors: the declaration of an accelerated cash dividend. This dividend, set at $0.15 per share, replaces and accelerates all quarterly dividends that would have been paid throughout calendar year 2013. The accelerated payment is scheduled for December 21, 2012, with a record date of December 17, 2012. This strategic move suggests the company's confidence in its current financial position and its ability to generate sufficient cash flow. Investors should note that this single payment effectively concludes the company's dividend obligations for the upcoming year, providing a lump sum return to shareholders rather than a series of smaller payments. The press release attached as an exhibit provides further details on this matter.

Key Highlights

  • 1D.R. Horton declared an accelerated cash dividend of $0.15 per share.
  • 2This dividend replaces all quarterly dividends originally planned for calendar year 2013.
  • 3The accelerated dividend payment date is December 21, 2012.
  • 4The record date for determining dividend eligibility is December 17, 2012.
  • 5The decision was made by the company's Board of Directors.
  • 6The announcement was made via a press release filed as an exhibit to the 8-K.
  • 7This action indicates management's confidence in the company's financial health and cash generation capabilities.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce that D.R. Horton's Board of Directors has declared an accelerated cash dividend. This dividend is intended to replace and pay out all quarterly dividends for the year 2013 in a single payment.

Shareholders will receive $0.15 per share. The dividend is payable on December 21, 2012, to shareholders who are on record as of December 17, 2012.

Yes, this accelerated dividend of $0.15 per share is in lieu of and accelerates the payment of all quarterly dividends that would have otherwise been paid in calendar year 2013. So, you will not receive additional quarterly dividends in 2013.

Declaring an accelerated dividend suggests that D.R. Horton's management is confident in the company's current financial position and its ability to generate sufficient cash flow to meet this obligation and likely future operational needs without the need for further dividend payments in the following year.