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Toll Brothers Announces 54{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} Maximize to Quarterly Dollars Dividend

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FORT WASHINGTON, Pa., March 09, 2021 (Globe NEWSWIRE) — Toll Brothers, Inc. (NYSE: TOL) (TollBrothers.com), the nation’s top builder of luxurious houses, these days announced that its Board of Directors accepted an boost to its quarterly income dividend to $.17 for every share, or a fee of $.68 per share on an annualized basis. This represents an raise of 54{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} from the prior quarterly funds dividend of $.11 for each share. The dividend will be payable on April 23, 2021 to stockholders of file on the close of business enterprise on April 9, 2021. The Firm initiated its dividend at $.08 for each share in April 2017 and previous amplified it to $.11 per share in April 2018.

“I am delighted to announce an enhance in our dividend, reflecting the health and fitness of our organization and its potent hard cash era,” said Douglas C. Yearley, Jr., Chairman and Chief Govt Officer. “We are dedicated to financially rewarding and sustainable expansion and keep on being incredibly focused on money effectiveness and return on equity. The raise in our dividend demonstrates this commitment to providing returns to our stockholders.”

ABOUT TOLL BROTHERS

Toll Brothers, Inc., A FORTUNE 500 Business, is the nation’s primary builder of luxury homes. The Corporation was founded more than fifty decades back in 1967 and grew to become a public business in 1986. Its common stock is detailed on the New York Inventory Exchange underneath the image “TOL.” The Business serves initially-time, move-up, vacant-nester, lively-adult, and second-household prospective buyers, as very well as urban and suburban renters. Toll Brothers builds in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, 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 Firm operates its have architectural, engineering, property finance loan, title, land advancement, golf system improvement, smart household technological know-how, and landscape subsidiaries. The Business also operates its have lumber distribution, house element assembly, and manufacturing functions.

In 2020, Toll Brothers was named World’s Most Admired Home Making Organization in Fortune magazine’s study of the World’s Most Admired Companies®, the sixth year in a row it has been so honored. Toll Brothers has gained quite a few other awards, including Builder of the Yr from equally Experienced Builder journal and Builder magazine, the initially two-time recipient from Builder magazine. For far more details pay a visit to TollBrothers.com.

Toll Brothers discloses info about its small business and monetary effectiveness and other matters, and offers backlinks to its securities filings, notices of investor gatherings, and earnings and other information releases, on the Trader Relations area of its site (buyers.TollBrothers.com).

Ahead-On the lookout STATEMENTS

This release contains or could include forward-looking statements inside of the this means of the Non-public Securities Litigation Reform Act of 1995. Just one can determine these statements by the point that they do not relate to matters of a strictly historic or factual nature and commonly examine or relate to future occasions. These statements contain words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “may,” “can,” “could,” “might,” “should,” “likely,” “will,” and other words or phrases of similar this means. These types of statements may perhaps involve, but are not confined to, information and statements concerning: the effect of Covid-19 on the U.S. financial state, the markets in which we run or could function, and on our business our strategic priorities our land acquisition, land enhancement and cash allocation priorities market place disorders need for our households expected functioning success and direction household deliveries monetary sources and ailment improvements in revenues modifications in profitability modifications in margins adjustments in accounting cure price tag of revenues, which include expected labor and materials expenses providing, basic, and administrative charges fascination expenditure stock compose-downs property guarantee and building defect promises unrecognized tax positive aspects expected tax refunds sales paces and price ranges results of property buyer cancellations expansion and growth joint ventures in which we are included anticipated benefits from our investments in unconsolidated entities our capability to acquire or dispose of land and go after serious estate options our capability to obtain approvals and open up new communities our ability to marketplace, construct and market homes and homes our potential to supply residences from backlog our ability to protected resources and subcontractors our skill to develop the liquidity and cash needed to conduct standard organization operations or to grow and acquire gain of opportunities and the end result of authorized proceedings, investigations, and claims.

Any or all of the ahead-hunting statements included in this release are not ensures of potential overall performance and may well transform out to be inaccurate. This can occur as a outcome of incorrect assumptions or as a consequence of recognised or unfamiliar threats and uncertainties. The important risks and uncertainties – and assumptions that are designed – that influence our enterprise and could induce real benefits to differ from these ahead-searching statements contain, but are not limited to:

  • the consequences of the ongoing Covid-19 pandemic, which are extremely unsure, cannot be predicted and will depend upon upcoming developments, including the severity of Covid-19 and the duration of the outbreak, the period of current social distancing and shelter-in-place orders, further mitigation approaches taken by applicable governing administration authorities, the availability and performance of vaccines, ample testing and therapeutic solutions and the prevalence of widespread immunity to Covid-19
  • the effect of standard economic situations, together with work charges, housing commences, interest price amounts, availability of funding for house mortgages and strength of the U.S. dollar
  • market place desire for our solutions, which is relevant to the power of the several U.S. enterprise segments and U.S. and international financial circumstances
  • the availability of attractive and moderately priced land and our means to handle, order, maintain and create these types of parcels
  • obtain to enough money on acceptable phrases
  • geographic focus of our operations
  • stages of competition
  • raw product and labor selling prices and availability
  • the impact of U.S. trade guidelines, which includes the imposition of tariffs and obligations on property making products and retaliatory steps taken by other international locations
  • the results of temperature and the threat of reduction from earthquakes, volcanoes, fires, floods, droughts, windstorms, hurricanes, pest infestations and other normal disasters, and the danger of delays, lowered client demand from customers, and shortages and rate will increase in labor or elements affiliated with this sort of organic disasters
  • the possibility of loss from acts of war, terrorism or outbreaks of contagious conditions, this kind of as Covid-19
  • transportation expenses
  • federal and state tax procedures
  • the influence of land use, ecosystem and other governmental rules and laws
  • authorized proceedings or disputes and the adequacy of reserves
  • challenges relating to any unexpected improvements to or consequences on liabilities, upcoming money expenses, revenues, charges, earnings, indebtedness, economical situation, losses and upcoming prospects
  • changes in accounting rules
  • dangers associated to unauthorized obtain to our computer system methods, theft of our and our homebuyers’ confidential information and facts or other sorts of cyber-assault and
  • other aspects described in “Risk Factors” involved in our Once-a-year Report on Variety 10-K for the calendar year finished October 31, 2020 and in subsequent filings we make with the Securities and Exchange Fee (“SEC”).

Lots of of the variables outlined over or in other reports or general public statements made by us will be significant in deciding our potential general performance. For that reason, genuine final results might differ materially from those that could possibly be predicted from our ahead-wanting statements.

Forward-searching statements talk only as of the day they are designed. We undertake no obligation to publicly update any forward-searching statements, irrespective of whether as a outcome of new information and facts, long run gatherings, or or else.

For a further more discussion of elements that we think could induce precise benefits to vary materially from predicted and historical results, see the info underneath the captions “Risk Factors” and “Management’s Dialogue and Assessment of Financial Problem and Final results of Operations” in our most new Annual Report on Variety 10-K submitted with the SEC and in subsequent studies submitted with the SEC. This discussion is presented as permitted by the Non-public Securities Litigation Reform Act of 1995, and all of our ahead-seeking statements are expressly skilled in their entirety by the cautionary statements contained or referenced in this section.

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

Contact: Frederick N. Cooper (215) 938-8312[email protected]

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The Rosebriar, Shirley Estates, Alpharetta, GA

Toll Brothers, America’s Luxury Home Builder

Resource: Toll Brothers, Inc.

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