Lennar Corporation Declares Quarterly Dividends

Lennar Corporation (NYSE: LEN, LEN.B) announced a quarterly cash dividend of $0.125 per share for both Class A and Class B common stock.

Rhea-AI Summary

Lennar Corporation (NYSE: LEN, LEN.B) announced a quarterly cash dividend of $0.125 per share for both Class A and Class B common stock. The dividend is payable on July 24, 2020, to shareholders of record as of July 10, 2020. This decision reflects Lennar's commitment to returning value to its shareholders while continuing to operate as one of the nation's leading homebuilders, engaged in constructing a range of homes and providing financial services.

Positive

• Quarterly cash dividend of $0.125 per share declared.
• Demonstrates commitment to shareholder value.

Negative

• None.

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MIAMI, June 25, 2020 /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 $0.125 per share for both Class A and Class B common stock payable on July 24, 2020 to holders of record at the close of business on July 10, 2020.

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, formerly known as Lennar Ventures, drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com.

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SOURCE Lennar Corporation

FAQ

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What is the dividend amount declared by Lennar Corporation?

Lennar Corporation has declared a dividend of $0.125 per share.

When will the dividend be paid?

The dividend will be paid on July 24, 2020.

What is the record date for the dividend payment?

The record date for the dividend is July 10, 2020.

How often does Lennar Corporation pay dividends?

Lennar Corporation typically pays dividends quarterly.

Is the dividend sustainable for Lennar Corporation?

The sustainability of the dividend is contingent upon the company's financial performance and cash flow.