D.R. Horton — Oct 29, 2024 release

Dividends During the fourth quarter of fiscal 2024, the Company paid cash dividends of $97.7 million for a total of $395.2 million of dividends paid during the year. Subsequent to year-end, the Company declared a quarterly cash dividend of $0.40 per common share, an increase of 33% compared to its most recent dividend paid. The dividend is payable on November 19, 2024 to stockholders of record on November 12, 2024. Share Repurchases The Company repurchased 3.4 million shares of common stock for $561.2 million during the fourth quarter of fiscal 2024, for a total of 12.5 million shares repurchased for $1.8 billion during the year. The Company’s number of common shares outstanding at September 30, 2024 was 324.0 million, down 3% from 334.8 million shares outstanding at September 30, 2023. The Company's remaining stock repurchase authorization at September 30, 2024 was $3.6 billion. Guidance Based on current market conditions, D.R. Horton is providing initial guidance for fiscal 2025 including: • Consolidated revenues of approximately $36.0 billion to $37.5 billion • Homes closed by homebuilding operations of 90,000 homes to 92,000 homes • Income tax rate of approximately 24.5% • Consolidated cash flow provided by operations greater than fiscal 2024 • Share repurchases of approximately $2.4 billion and dividend payments of approximately $500 million The Company plans to also provide guidance for its first quarter of fiscal 2025 on its confer