Toll Brothers Announces 54{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} Boost to Quarterly Money Dividend

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FORT WASHINGTON, Pa., March 09, 2021 (Globe NEWSWIRE) — Toll Brothers, Inc. (NYSE: TOL) (TollBrothers.com), the nation’s primary builder of luxurious houses, right now introduced that its Board of Directors permitted an maximize to its quarterly cash dividend to $.17 for every share, or a fee of $.68 per share on an annualized basis. This represents an enhance of 54{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} from the prior quarterly money dividend of $.11 per share. The dividend will be payable on April 23, 2021 to stockholders of report on the close of organization on April 9, 2021. The Corporation initiated its dividend at $.08 for each share in April 2017 and very last amplified it to $.11 for each share in April 2018.

“I am pleased to announce an boost in our dividend, reflecting the well being of our company and its powerful cash technology,” claimed Douglas C. Yearley, Jr., Chairman and Main Executive Officer. “We are fully commited to lucrative and sustainable progress and remain really targeted on money efficiency and return on fairness. The improve in our dividend demonstrates this determination to providing returns to our stockholders.”

ABOUT TOLL BROTHERS

Toll Brothers, Inc., A FORTUNE 500 Enterprise, is the nation’s leading builder of luxury properties. The Corporation was established over fifty yrs back in 1967 and became a public company in 1986. Its prevalent inventory is mentioned on the New York Stock Exchange below the symbol “TOL.” The Business serves 1st-time, move-up, empty-nester, lively-grownup, and second-home consumers, as properly as city and suburban renters. Toll Brothers builds in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Ga, Idaho, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as perfectly as in the District of Columbia. The Organization operates its personal architectural, engineering, property finance loan, title, land enhancement, golf class progress, intelligent household technological innovation, and landscape subsidiaries. The Company also operates its personal lumber distribution, household ingredient assembly, and manufacturing functions.

In 2020, Toll Brothers was named World’s Most Admired Household Making Company in Fortune magazine’s study of the World’s Most Admired Companies®, the sixth 12 months in a row it has been so honored. Toll Brothers has received numerous other awards, like Builder of the Calendar year from both Professional Builder magazine and Builder journal, the initially two-time recipient from Builder journal. For a lot more information and facts visit TollBrothers.com.

Toll Brothers discloses data about its small business and financial general performance and other matters, and provides inbound links to its securities filings, notices of investor occasions, and earnings and other news releases, on the Trader Relations part of its internet site (buyers.TollBrothers.com).

Forward-Seeking STATEMENTS

This launch has or could have forward-hunting statements inside the this means of the Private Securities Litigation Reform Act of 1995. 1 can recognize these statements by the actuality that they do not relate to issues of a strictly historic or factual mother nature and typically examine or relate to long term gatherings. These statements have terms these as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “may,” “can,” “could,” “might,” “should,” “likely,” “will,” and other text or phrases of related indicating. Such statements may perhaps incorporate, but are not restricted to, data and statements about: the influence of Covid-19 on the U.S. economic system, the marketplaces in which we work or might run, and on our enterprise our strategic priorities our land acquisition, land progress and funds allocation priorities current market situations desire for our houses predicted functioning success and steerage household deliveries economical sources and problem adjustments in revenues changes in profitability adjustments in margins modifications in accounting remedy price of revenues, like predicted labor and materials fees advertising, standard, and administrative expenditures desire expense stock compose-downs home guarantee and building defect statements unrecognized tax rewards predicted tax refunds gross sales paces and prices outcomes of dwelling consumer cancellations growth and growth joint ventures in which we are involved predicted final results from our investments in unconsolidated entities our skill to get or dispose of land and pursue actual estate alternatives our capacity to get approvals and open up new communities our potential to industry, construct and offer homes and homes our capability to supply houses from backlog our means to safe elements and subcontractors our ability to generate the liquidity and cash essential to perform ordinary business enterprise operations or to increase and acquire advantage of possibilities and the consequence of legal proceedings, investigations, and claims.

Any or all of the ahead-seeking statements incorporated in this launch are not guarantees of upcoming functionality and might change out to be inaccurate. This can manifest as a outcome of incorrect assumptions or as a consequence of recognized or mysterious threats and uncertainties. The main challenges and uncertainties – and assumptions that are produced – that impact our business and might induce precise outcomes to vary from these ahead-looking statements contain, but are not minimal to:

• the results of the ongoing Covid-19 pandemic, which are extremely uncertain, are unable to be predicted and will depend on future developments, including the severity of Covid-19 and the length of the outbreak, the duration of present social distancing and shelter-in-spot orders, more mitigation strategies taken by applicable governing administration authorities, the availability and effectiveness of vaccines, sufficient testing and therapeutic treatment plans and the prevalence of widespread immunity to Covid-19
• the result of general financial circumstances, together with employment rates, housing starts off, fascination price degrees, availability of financing for dwelling mortgages and power of the U.S. dollar
• marketplace demand from customers for our products, which is associated to the strength of the several U.S. organization segments and U.S. and intercontinental financial problems
• the availability of fascinating and fairly priced land and our potential to manage, obtain, maintain and produce these types of parcels
• entry to enough funds on satisfactory conditions
• geographic concentration of our functions
• amounts of level of competition
• uncooked product and labor prices and availability
• the effect of U.S. trade guidelines, which include the imposition of tariffs and responsibilities on property setting up items and retaliatory actions taken by other countries
• the effects of weather conditions and the hazard of decline from earthquakes, volcanoes, fires, floods, droughts, windstorms, hurricanes, pest infestations and other organic disasters, and the chance of delays, lowered consumer desire, and shortages and price tag improves in labor or supplies connected with such normal disasters
• the possibility of reduction from acts of war, terrorism or outbreaks of contagious diseases, these types of as Covid-19
• transportation expenditures
• federal and condition tax policies
• the impact of land use, setting and other governmental laws and regulations
• legal proceedings or disputes and the adequacy of reserves
• challenges relating to any unexpected adjustments to or consequences on liabilities, future money expenditures, revenues, expenditures, earnings, indebtedness, money problem, losses and upcoming prospective customers
• alterations in accounting principles
• challenges relevant to unauthorized access to our laptop or computer methods, theft of our and our homebuyers’ private data or other types of cyber-assault and
• other variables described in “Risk Factors” involved in our Yearly Report on Type 10-K for the yr ended October 31, 2020 and in subsequent filings we make with the Securities and Trade Commission (“SEC”).

Several of the aspects outlined earlier mentioned or in other studies or public statements created by us will be vital in analyzing our long term effectiveness. As a result, real success may differ materially from those that may possibly be predicted from our forward-wanting statements.

Forward-on the lookout statements discuss only as of the day they are manufactured. We undertake no obligation to publicly update any forward-wanting statements, whether or not as a outcome of new facts, long run situations, or in any other case.

For a further dialogue of elements that we feel could induce genuine benefits to differ materially from predicted and historic success, see the facts beneath the captions “Risk Factors” and “Management’s Discussion and Assessment of Monetary Issue and Effects of Operations” in our most recent Annual Report on Form 10-K submitted with the SEC and in subsequent stories filed with the SEC. This dialogue is supplied as permitted by the Non-public Securities Litigation Reform Act of 1995, and all of our forward-looking statements are expressly skilled in their entirety by the cautionary statements contained or referenced in this portion.

A picture accompanying this announcement is offered at https://www.globenewswire.com/NewsRoom/AttachmentNg/b79a9144-bd10-482b-a3a6-da25c9f1e528

Get hold of:
Frederick N. Cooper (215) 938-8312
[email protected]