D.R. Horton, Inc.
DHIConsumer Cyclical · Stock · quarterly payer
Forward Yield
1.20%
Annual Dividend
$1.80
Payout Ratio
16%
5-Yr Growth
17.9%
Ex-Date
May 7, 2026
Frequency
Quarterly
Summary
As of July 2026, D.R. Horton, Inc. (DHI) yields 1.20% ($1.80 per share annually), with a blended fair-value estimate of $80.76 — -46% downside, so it screens as overvalued. Dividend safety grade: A (83/100). 12 years of dividend growth.
Is DHI a good dividend stock?
YesD.R. Horton, Inc. (DHI) pays a quarterly dividend yielding 1.20% ($1.80/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 12 consecutive years of dividend growth
- Comfortable payout ratio (16%)
- Strong 17.9% 5-yr dividend growth
- 56% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 1.20%
- Payout Ratio
- 16%
- Annual Dividend
- $1.80
- 5-Yr Avg Growth
- 17.9%
- Ex-Dividend Date
- May 7, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 1.36
- Market Cap
- $41.1B
- P/E Ratio
- 14.0
- 5-Yr Total Return
- 56%
- 52-Week Range
- $129.22 – $184.55
- Dividend Safety
- A · 83/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
DHI Price — Last 12 Months
Daily close
Price Return
1 Year
-12%
3 Years
+26%
5 Years
+56%
52-Week Range
$129.22 – $184.55
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DHI worth?
Overvaluedmedium confidenceOur blended fair-value estimate for D.R. Horton, Inc. is $80.76 per share, versus a market price of $149.39. That implies 46% of downside.
Fair Value
$80.76
Current Price
$149.39
Downside
-46%
Margin of Safety
-85%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 8.0% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 11.1% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $10.65 EPS, $1.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DHI Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 7, 2026 | — | $0.4500 | regular |
| Feb 5, 2026 | — | $0.4500 | regular |
| Nov 13, 2025 | — | $0.4500 | regular |
| Aug 7, 2025 | — | $0.4000 | regular |
| May 2, 2025 | — | $0.4000 | regular |
| Feb 7, 2025 | — | $0.4000 | regular |
| Nov 12, 2024 | — | $0.4000 | regular |
| Aug 1, 2024 | — | $0.3000 | regular |
| May 1, 2024 | — | $0.3000 | regular |
| Feb 5, 2024 | — | $0.3000 | regular |
| Nov 20, 2023 | — | $0.3000 | regular |
| Aug 4, 2023 | — | $0.2500 | regular |
| May 2, 2023 | — | $0.2500 | regular |
| Feb 6, 2023 | — | $0.2500 | regular |
Income Calculator
At $1.80 / yr per share
