PulteGroup Raises Quarterly Cash Dividend 22% to $0.11 Per Share

ATLANTA–(BUSINESS WIRE)–PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors
has approved a 22% increase in the Company’s quarterly cash dividend to
$0.11 per common share. The Company’s next dividend of $0.11 per share
is payable January 3, 2019, to shareholders of record at the close of
business on December 18, 2018.

The Board’s decision to increase the dividend reflects the strength of
PulteGroup’s balance sheet and the strong cash flow the business
continues to generate,” said Ryan Marshall, President and CEO of the
Company. “Raising the dividend also aligns with management’s stated
capital allocation priorities and its focus on creating long-term value
for our shareholders.”

Forward-Looking Statements

This press release includes “forward-looking statements.” These
statements are subject to a number of risks, uncertainties and other
factors that could cause our actual results, performance, prospects or
opportunities, as well as those of the markets we serve or intend to
serve, to differ materially from those expressed in, or implied by,
these statements. You can identify these statements by the fact that
they do not relate to matters of a strictly factual or historical nature
and generally discuss or relate to forecasts, estimates or other
expectations regarding future events. Generally, the words “believe,”
“expect,” “intend,” “estimate,” “anticipate,” “plan,” “project,” “may,”
“can,” “could,” “might,” “should”, “will” and similar expressions
identify forward-looking statements, including statements related to any
impairment charge and the impacts or effects thereof, expected operating
and performing results, planned transactions, planned objectives of
management, future developments or conditions in the industries in which
we participate and other trends, developments and uncertainties that may
affect our business in the future.

Such risks, uncertainties and other factors include, among other things:
interest rate changes and the availability of mortgage financing;
competition within the industries in which we operate; the availability
and cost of land and other raw materials used by us in our homebuilding
operations; the impact of any changes to our strategy in responding to
the cyclical nature of the industry, including any changes regarding our
land positions and the levels of our land spend; the availability and
cost of insurance covering risks associated with our businesses;
shortages and the cost of labor; weather related slowdowns; slow growth
initiatives and/or local building moratoria; governmental regulation
directed at or affecting the housing market, the homebuilding industry
or construction activities; uncertainty in the mortgage lending
industry, including revisions to underwriting standards and repurchase
requirements associated with the sale of mortgage loans; the
interpretation of or changes to tax, labor and environmental laws,
including, but not limited to the Tax Cuts and Jobs Act which could have
a greater impact on our effective tax rate or the value of our deferred
tax assets than we anticipate; economic changes nationally or in our
local markets, including inflation, deflation, changes in consumer
confidence and preferences and the state of the market for homes in
general; legal or regulatory proceedings or claims; our ability to
generate sufficient cash flow in order to successfully implement our
capital allocation priorities; required accounting changes; terrorist
acts and other acts of war; and other factors of national, regional and
global scale, including those of a political, economic, business and
competitive nature. See PulteGroup’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2017, and other public filings with the
Securities and Exchange Commission (the “SEC”) for a further discussion
of these and other risks and uncertainties applicable to our businesses.
PulteGroup undertakes no duty to update any forward-looking statement,
whether as a result of new information, future events or changes in
PulteGroup’s expectations.

About PulteGroup

PulteGroup, Inc. (NYSE: PHM), based in Atlanta, Georgia, is one of
America’s largest homebuilding companies with operations in
approximately 50 markets throughout the country. Through its brand
portfolio that includes Centex, Pulte Homes, Del Webb, DiVosta Homes and
John Wieland Homes and Neighborhoods, the Company is one of the
industry’s most versatile homebuilders able to meet the needs of
multiple buyer groups and respond to changing consumer demand.
PulteGroup conducts extensive research to provide homebuyers with
innovative solutions and consumer inspired homes and communities to make
lives better.

For more information about PulteGroup, Inc. and PulteGroup brands, go to www.pultegroupinc.com;
www.pulte.com;
www.centex.com;
www.delwebb.com;
www.divosta.com
and www.jwhomes.com.

Contacts

Investors: Jim Zeumer
(404) 978-6434
jim.zeumer@pultegroup.com

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