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KB Home cuts quarterly dividend by 75 percent
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LOS ANGELES - KB Home said its board declared it would reduce its quarterly dividend by 75 percent to 6.25 cents per share from 25 cents in the previous quarter.
The homebuilder said the dividend is payable Nov. 25 to shareholders of record on Nov. 14.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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