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Stockholders' Equity
6 Months Ended
Mar. 31, 2019
Equity [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY

D.R. Horton has an automatically effective universal shelf registration statement, filed with the SEC in August 2018, registering debt and equity securities that it may issue from time to time in amounts to be determined. Forestar also has an effective shelf registration statement filed with the SEC in September 2018, registering $500 million of equity securities.

Effective August 1, 2018, the Board of Directors authorized the repurchase of up to $400 million of the Company’s common stock effective through September 30, 2019. During the six months ended March 31, 2019, the Company repurchased 6.1 million shares of its common stock for $216.2 million. The Company’s remaining authorization at March 31, 2019 was $159.3 million.

During the three months ended March 31, 2019, the Board of Directors approved a quarterly cash dividend of $0.15 per common share, which was paid on February 25, 2019 to stockholders of record on February 11, 2019. In April 2019, the Board of Directors approved a quarterly cash dividend of $0.15 per common share, payable on May 28, 2019 to stockholders of record on May 13, 2019. Cash dividends of $0.125 per common share were approved and paid in each quarter of fiscal 2018.