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| KAUFMAN AND BROAD DECLARES QUARTERLY DIVIDEND |
| LOS ANGELES (July 6, 2000) – The board of directors of Kaufman and Broad Home Corporation (NYSE:KBH) has declared a quarterly cash dividend of seven and one-half cents ($.075) per share on the Company's Common Stock, payable on August 31, 2000 to shareholders of record on August 17, 2000.
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| Kaufman and Broad Home Corporation is one of America’s premier homebuilders with operating divisions in Arizona, California, Colorado, Nevada, New Mexico and Texas. Kaufman & Broad S.A., the Company’s majority owned subsidiary, is one of the largest homebuilders in France. In 1999, the Company delivered homes to 22,460 families in the U.S. and in France. It also operates a full service mortgage company for the convenience of its buyers. Founded in 1957, Kaufman and Broad is a Fortune 500 Company listed on the New York Stock Exchange under the ticker symbol "KBH."
For more information:
Analyst contact – Bill Hollinger
310-231-4028
bhollinger@kbhomes.com
Media contact – Kate Mulhearn
(310) 231-4015
kmulhearn@kbhome.com |
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