Lennar Corporation Declares Quarterly Dividends

Rhea-AI Summary

Lennar (NYSE: LEN and LEN.B), a leading U.S. homebuilder, has announced a quarterly cash dividend of $0.50 per share for both its Class A and Class B common stock. The dividend is set to be paid on October 24, 2024, to shareholders of record as of the close of business on October 9, 2024. This decision was made by Lennar's Board of Directors, reflecting the company's commitment to providing returns to its shareholders.

Positive

• Consistent dividend payment indicates financial stability
• $0.50 per share dividend provides income for shareholders
• Equal dividend for both Class A and Class B stock shows fairness to all shareholders

Negative

• None.

News Market Reaction – LEN

+0.65%

+0.65% Session move

In the trading session that priced this news, LEN gained 0.65%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MIAMI, Sept. 25, 2024 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on October 24, 2024 to holders of record at the close of business on October 9, 2024.

About Lennar
Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LEN^X drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com.

Contact:
Ian Frazer
Investor Relations
Lennar Corporation
(305) 485-4129

View original content:https://www.prnewswire.com/news-releases/lennar-corporation-declares-quarterly-dividends-302259130.html

SOURCE Lennar Corporation

FAQ

What is Lennar 's (LEN) latest quarterly dividend amount?

Lennar (LEN) has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock.

When will Lennar (LEN) pay its next dividend?

Lennar (LEN) will pay its next dividend on October 24, 2024.

What is the record date for Lennar 's (LEN) upcoming dividend?

The record date for Lennar 's (LEN) upcoming dividend is October 9, 2024, at the close of business.

Does Lennar (LEN) pay different dividends for its Class A and Class B stock?

No, Lennar (LEN) pays the same dividend amount of $0.50 per share for both its Class A and Class B common stock.