Toll brothers announces 54% increase to quarterly cash dividend

Fort washington, pa., march 09, 2021 (globe newswire) -- toll brothers, inc. (nyse:tol) (tollbrothers.com), the nation's leading builder of luxury homes, today announced that its board of directors approved an increase to its quarterly cash dividend to $0.17 per share, or a rate of $0.68 per share on an annualized basis. this represents an increase of 54% from the prior quarterly cash dividend of $0.11 per share. the dividend will be payable on april 23, 2021 to stockholders of record on the close of business on april 9, 2021. the company initiated its dividend at $0.08 per share in april 2017 and last increased it to $0.11 per share in april 2018.
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