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Stockholders' Equity | 9 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY D.R. Horton has an automatically effective universal shelf registration statement, filed with the SEC in July 2024, registering debt and equity securities that it may issue from time to time in amounts to be determined. In April 2025, the Board of Directors authorized the repurchase of up to $5.0 billion of the Company’s common stock, replacing the previous authorization. The authorization has no expiration date. During the nine months ended June 30, 2025, the Company repurchased 26.2 million shares of its common stock at a total cost, including commissions and excise taxes, of $3.6 billion, of which $2.6 billion was repurchased under the previous authorization. At June 30, 2025, there was $4.0 billion remaining on the repurchase authorization. During each of the first three quarters of fiscal 2025, the Board of Directors approved a quarterly cash dividend of $0.40 per common share, the most recent of which was paid on May 9, 2025 to stockholders of record on May 2, 2025. Cash dividends declared and paid in the three and nine months ended June 30, 2025 totaled $122.4 million and $376.4 million, respectively. In July 2025, the Board of Directors approved a quarterly cash dividend of $0.40 per common share, payable on August 14, 2025 to stockholders of record on August 7, 2025. Forestar has an effective shelf registration statement, filed with the SEC in September 2024, registering $750 million of equity securities, of which $300 million is reserved for sales under its at-the-market equity offering (ATM) program that was entered into in November 2024. During the nine months ended June 30, 2025, there were no shares issued under the ATM program. At June 30, 2025, the full $750 million remained available for issuance under Forestar’s shelf registration statement, with $300 million reserved for sales under the ATM program.

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