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PHM CORPORATION RELEASES DIVIDEND INCREASE

 PHM CORPORATION RELEASES DIVIDEND INCREASE
 BLOOMFIELD HILLS, Mich., March 3 /PRNewswire/ -- PHM Corporation


(NYSE: PHM) announced today a doubling of its quarterly dividend to $.06 per share from the prior dividend payment of $.03 per share. The dividend will be paid on April 8, 1992, to shareholders of record at the close of business on March 27, 1992.
 The company had previously announced a quarterly dividend of $.03 per share payable April 1, 1992, to shareholders of record on March 20, 1992. This new dividend of $.06 per share will replace and supersede such previously announced dividend.
 William J. Pulte, chairman of the board, stated: "In light of the company's strong financial condition and the improving housing market environment, the board of directors felt that it was appropriate to increase the dividend at this time."
 -0- 3/3/92
 /CONTACT: William J. Crombie of PHM Corporation, 313-647-2750/
 (PHM) CO: PHM Corporation ST: Michigan IN: CST SU: DIV


SB -- DE025 -- 4614 03/03/92 16:08 EST
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Publication:PR Newswire
Date:Mar 3, 1992
Words:166
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