Lennar Corporation Declares Quarterly Dividends

Rhea-AI Summary

Lennar , a leading homebuilder in the U.S., has announced the declaration of a quarterly cash dividend of $0.50 per share for both its Class A and Class B common stock.

This dividend is scheduled to be paid on July 19, 2024, to shareholders recorded as of the close of business on July 5, 2024.

Positive

• Lennar has declared a quarterly cash dividend of $0.50 per share, which highlights the company's solid financial position and commitment to returning value to shareholders.
• The dividend applies to both Class A and Class B common stocks, ensuring equity across different classes of shareholders.

Negative

• None.

News Market Reaction – LEN

+1.50%

+1.50% News Effect

On the day this news was published, LEN gained 1.50%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MIAMI, June 20, 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 July 19, 2024 to holders of record at the close of business on July 5, 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-302178470.html

SOURCE Lennar Corporation

FAQ

What is the dividend amount declared by Lennar in June 2024?

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

When is the dividend payment date for Lennar 's recently declared dividend?

The dividend payment date is July 19, 2024.

What is the record date for Lennar 's quarterly dividend declared on June 20, 2024?

The record date for the dividend is July 5, 2024.

What stock symbol is associated with Lennar for the declared dividend?

The stock symbols associated with Lennar are LEN and LEN.B.