D.R. Horton (DHI) Dividend
D.R. Horton, Inc. · Consumer Cyclical · Residential Construction · quarterly payer
As of Nov 5, 2026, D.R. Horton (DHI) pays a quarterly dividend, or $2.00 a year, a 1.27% yield at its $155.83 share price. The next ex-dividend date is Nov 12, 2026, paid Nov 19, 2026. It has raised its dividend 12 years in a row and has a dividend safety grade of A.
Forward Yield
1.27%
Annual Dividend
$2.00
Payout Ratio
17%
5-Yr Growth
17.9%
Ex-Date
Nov 12, 2026
Frequency
Quarterly
Key facts about DHI's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, D.R. Horton, Inc. (DHI) has a forward dividend yield of 1.27%, based on an annual dividend of $2.00 per share and a share price of $155.83.
- As of Nov 5, 2026, DHI's dividend safety grade from SmarterDividends is A (82 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, D.R. Horton, Inc. (DHI) has raised its dividend for 12 consecutive years as of Nov 5, 2026.
- DHI last cut its regular dividend in 2009.
- DHI's next ex-dividend date is Nov 12, 2026, with payment on Nov 19, 2026. Shares must be owned before that date to receive the dividend.
- As of Nov 5, 2026, DHI pays out 17% of its trailing 12-month earnings as dividends (its payout ratio).
- DHI's dividend has grown at an average rate of 17.9% a year over the past five years.
- As of Nov 5, 2026, DHI's 1.27% yield is 27% above its five-year average yield of 1.00%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for DHI is $91.26 per share, 41% below the $155.83 share price, so DHI screens as overvalued.
- D.R. Horton, Inc. (DHI) pays its dividend quarterly, 4 times a year.
- D.R. Horton, Inc. (DHI) has raised its regular dividend 27 times and cut it 3 times across the 117 payments on record since 1993. Its most recent change was a 12.5% increase to $0.450 per share, going ex-dividend on Nov 13, 2025. The last cut went ex-dividend on Nov 29, 2012.
- D.R. Horton (DHI) has declared its first higher dividend of the year in November in 3 of the last 5 years; its most recent raise, 12.5%, was declared on Oct 28, 2025.
Cite this page
SmarterDividends, "DHI Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/DHI
Is DHI a good dividend stock?
YesD.R. Horton, Inc. (DHI) pays a quarterly dividend yielding 1.27% ($2.00/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 (17%)
- Strong 17.9% 5-yr dividend growth
- 49% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 1.27%
- Payout Ratio
- 17%
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- 17.9%
- Ex-Dividend Date
- Nov 12, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 1.37
- Market Cap
- $42.3B
- P/E Ratio
- 15.4
- 5-Yr Total Return
- 49%
- 52-Week Range
- $130.40 – $170.79
- Dividend Safety
- A · 82/100
- Ever Cut?
- Yes (2009)
DHI dividend raises and cuts
D.R. Horton, Inc. (DHI) has raised its regular dividend 27 times and cut it 3 times across the 117 payments on record since 1993. Its most recent change was a 12.5% increase to $0.450 per share, going ex-dividend on Nov 13, 2025. The last cut went ex-dividend on Nov 29, 2012.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 13, 2025 | Raise | $0.400 → $0.450 | +12.5% |
| Nov 12, 2024 | Raise | $0.300 → $0.400 | +33.3% |
| Nov 20, 2023 | Raise | $0.250 → $0.300 | +20.0% |
| Dec 1, 2022 | Raise | $0.225 → $0.250 | +11.1% |
| Dec 3, 2021 | Raise | $0.200 → $0.225 | +12.5% |
| Dec 3, 2020 | Raise | $0.175 → $0.200 | +14.3% |
| Nov 26, 2019 | Raise | $0.150 → $0.175 | +16.7% |
| Nov 23, 2018 | Raise | $0.125 → $0.150 | +20.0% |
| Nov 30, 2017 | Raise | $0.100 → $0.125 | +25.0% |
| Nov 23, 2016 | Raise | $0.0800 → $0.100 | +25.0% |
| Nov 25, 2015 | Raise | $0.0630 → $0.0800 | +27.0% |
| Aug 6, 2014 | Raise | $0.0380 → $0.0630 | +65.8% |
Show all 30 changes since 1998
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 5, 2014 | Raise | $0.0370 → $0.0380 | +2.7% |
| Nov 29, 2012 | Cut | $0.0380 → $0.0370 | −2.6% |
| Dec 4, 2008 | Cut | $0.0750 → $0.0380 | −49.3% |
| May 15, 2008 | Cut | $0.150 → $0.0750 | −50.0% |
| Aug 17, 2006 | Raise | $0.100 → $0.150 | +50.0% |
| Jan 25, 2006 | Raise | $0.0900 → $0.100 | +11.1% |
| May 4, 2005 | Raise | $0.0675 → $0.0900 | +33.3% |
| Jan 26, 2005 | Raise | $0.0600 → $0.0675 | +12.5% |
| Jan 28, 2004 | Raise | $0.0350 → $0.0600 | +71.4% |
| Jan 30, 2003 | Raise | $0.0300 → $0.0350 | +16.7% |
| May 10, 2002 | Raise | $0.0200 → $0.0300 | +50.0% |
| Feb 1, 2002 | Raise | $0.0167 → $0.0200 | +20.0% |
| May 4, 2001 | Raise | $0.0150 → $0.0167 | +11.0% |
| Feb 1, 2001 | Raise | $0.0120 → $0.0150 | +25.0% |
| Oct 18, 2000 | Raise | $0.0110 → $0.0120 | +9.0% |
| Feb 3, 2000 | Raise | $0.0083 → $0.0110 | +33.3% |
| Feb 2, 1999 | Raise | $0.0061 → $0.0083 | +36.4% |
| Jan 20, 1998 | Raise | $0.0055 → $0.0061 | +10.0% |
Frequently Asked Questions
Is DHI a good dividend stock?
Yes. D.R. Horton, Inc. (DHI) pays a quarterly dividend yielding 1.27% ($2.00/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.
Is DHI undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DHI's fair value is about $91.26 versus a $155.83 share price — so it looks overvalued (-41% vs. fair value).
Is DHI's dividend safe?
DHI has a dividend-safety grade of A (82/100), based on its payout coverage, free-cash-flow, 12-year growth streak, a dividend cut in 2009, debt and yield-versus-history.
What is DHI's fair value?
Our blended fair-value estimate for DHI is about $91.26 per share, about 41% below the current $155.83 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is DHI a buy, hold, or sell?
We don't issue formal ratings, but on the data DHI screens as "yes" and overvalued. D.R. Horton, Inc. (DHI) pays a quarterly dividend yielding 1.27% ($2.00/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. This is research for your own analysis, not investment advice.
Will DHI cut its dividend?
DHI earns a dividend-safety grade of A (82/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does DHI pay a dividend?
Yes. D.R. Horton, Inc. pays a quarterly dividend of about $2.00 per share annually, a forward yield of roughly 1.27%.
How much dividend does 100 shares of DHI pay?
At $2.00 per share a year, 100 shares of DHI pay $200.00 a year in dividends before tax, about $50.00 each quarter. Buying them costs about $15,583 at the Nov 5, 2026 price.
What is DHI's dividend yield?
As of Nov 5, 2026, DHI's forward dividend yield is 1.27%, based on a $2.00 annual dividend and a $155.83 share price.
What is DHI's dividend per share?
As of Nov 5, 2026, DHI pays $2.00 per share per year, distributed on a quarterly basis.
What is DHI's dividend payout ratio?
As of Nov 5, 2026, DHI's payout ratio is 17% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has DHI grown its dividend?
As of Nov 5, 2026, DHI has increased its dividend for 12 consecutive years.
When is the next DHI ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for DHI is Nov 12, 2026.
DHI Price — Last 12 Months
Daily close
Price Return
1 Year
-8%
3 Years
+14%
5 Years
+49%
52-Week Range
$130.40 – $170.79
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 $91.26 per share, versus a market price of $155.83. That implies 41% of downside.
Fair Value
$91.26
Current Price
$155.83
Downside
-41%
Margin of Safety
-71%
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 6.8% annual free-cash-flow growth. We model 0.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 11.1% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $10.49 EPS, $2.00 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
Full DHI dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 6, 2026 | Aug 13, 2026 | $0.4500 | regular |
| May 7, 2026 | May 14, 2026 | $0.4500 | regular |
| Feb 5, 2026 | Feb 12, 2026 | $0.4500 | regular |
| Nov 13, 2025 | Nov 20, 2025 | $0.4500 | regular |
| Aug 7, 2025 | Aug 14, 2025 | $0.4000 | regular |
| May 2, 2025 | May 9, 2025 | $0.4000 | regular |
| Feb 7, 2025 | Feb 14, 2025 | $0.4000 | regular |
| Nov 12, 2024 | Nov 19, 2024 | $0.4000 | regular |
| Aug 1, 2024 | Aug 8, 2024 | $0.3000 | regular |
| May 1, 2024 | May 9, 2024 | $0.3000 | regular |
| Feb 5, 2024 | Feb 13, 2024 | $0.3000 | regular |
| Nov 20, 2023 | Nov 28, 2023 | $0.3000 | regular |
| Aug 4, 2023 | Aug 14, 2023 | $0.2500 | regular |
| May 2, 2023 | May 10, 2023 | $0.2500 | regular |
Income Calculator
At $2.00 / yr per share
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