Meritage Homes Announces Quarterly Cash Dividend and $500M Increase to Share Repurchase Authorization
Rhea-AI Summary
Meritage Homes (NYSE:MTH), the fifth-largest U.S. homebuilder, has announced two significant shareholder-focused initiatives. The company declared a quarterly dividend of $0.43 per share, payable on September 30, 2025, to shareholders of record as of September 16, 2025.
Additionally, MTH's Board of Directors has approved a substantial $500 million increase to the company's share repurchase authorization, demonstrating confidence in the company's financial position and commitment to returning value to shareholders.
Positive
- Board approved $500 million increase to share repurchase program
- Quarterly dividend of $0.43 per share maintains consistent shareholder returns
- Actions demonstrate strong financial position and commitment to shareholder value
Negative
- None.
News Market Reaction – MTH
In the Aug 22 session, MTH gained 6.93%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SCOTTSDALE, Ariz., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Meritage Homes Corporation (NYSE: MTH, “Meritage” or the “Company”), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly dividend of
Meritage’s Board of Directors has also approved a
About Meritage Homes Corporation
Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2024. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina.
Meritage has delivered over 200,000 homes in its 40-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award, as well as a four-time recipient of the EPA's Indoor airPLUS Leader Award.
For more information, visit www.meritagehomes.com.
| Contacts: | Emily Tadano, VP Investor Relations and External Communications |
| (480) 515-8979 (office) | |
| investors@meritagehomes.com | |
