: KB Home board hikes dividend 67%

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KB Home KBH said late Thursday that its board hiked the homebuilder’s quarterly dividend by 67%. The board raised the quarterly dividend to 15 cents a share from 9 cents a share. The new dividend will be payable Nov. 26 to shareholders of record as of Nov. 12. Shares of KB, which were up 1% after hours, are up 17% for the year, compared with a 7% rise in the S&P 500 index SPX.
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