PulteGroup, Inc. (NYSE:PHM) announced today that its Board of Directors has approved a $1.5 billion increase to the Company's share repurchase authorization. This increase brings the Company's current share repurchase authorization to $2.1 billion.

"PulteGroup continues to allocate capital in alignment with its stated priorities of investing in the business, paying dividends and returning excess funds to shareholders," said Ryan Marshall, PulteGroup President and CEO. "Over the past 10 years, we have invested $38 billion into our business while returning $9 billion to shareholders through dividends and share repurchases."