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Beazer Homes USA Declares Preferred Stock Dividend

February 6, 1998 at 12:00 AM EST
Atlanta, Georgia, February 6, 1998 -- Beazer Homes USA, Inc. (NYSE:BZH) announced that on February 5, 1998 its Board of Directors declared a dividend on its Series A Cumulative Convertible Exchangeable Preferred Stock (Liquidation Preference $25.00 per share).

The dividend will be payable on March 1, 1998 to holders of record as of the close of business on February 20, 1998. The amount of the dividend will be 50 cents ($0.50) per share, or a total amount of $1,000,000.

Contact: David S. Weiss Executive Vice President and Chief Financial Officer (404) 250-3420