PulteGroup Inc. said its board raised the quarterly dividend by 13% to nine cents a share and increased the stock repurchase program by $300 million late Wednesday, MarketWatch's Sue Chang reports.

The dividend will be paid on Jan. 5 to shareholders of record at the close of business on Dec. 15. Meanwhile, the homebuilder had $305 million remaining in its share buyback program at the end of the third quarter from the original $750 million. Shares of Pulte were unchanged in after-hours trading.

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