D.R. Horton Inc., the largest U.S. homebuilder reported its sixth straight quarterly loss and cut its dividend as the housing slump continued to weigh on earnings.

Horton, which owns Hawai'i-based developer Schuler Homes among its holdings, said its fiscal fourth-quarter loss widened to $799.9 million from $50.1 million a year earlier.

Homebuilding revenue at Fort Worth, Texas-based Horton fell to $1.75 billion from $3.12 billion, Bloomberg News reported. The company cut its dividend to 3.75 cents from 7.5 cents.