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.

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 $0.43 per share. This dividend is payable on September 30, 2025 to shareholders of record as of the close of trading on September 16, 2025.

Meritage’s Board of Directors has also approved a $500 million increase to the Company’s share repurchase authorization.

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

FAQ

What is Meritage Homes' (MTH) latest quarterly dividend amount for 2025?

Meritage Homes declared a quarterly dividend of $0.43 per share, payable on September 30, 2025, to shareholders of record as of September 16, 2025.

How much did Meritage Homes (MTH) increase its share repurchase authorization by?

Meritage Homes' Board of Directors approved a $500 million increase to the company's share repurchase authorization.

When is the record date for Meritage Homes' (MTH) Q3 2025 dividend?

The record date for Meritage Homes' Q3 2025 dividend is September 16, 2025, with payment scheduled for September 30, 2025.

What is Meritage Homes' (MTH) market position in the U.S. homebuilding industry?

Meritage Homes is the fifth-largest homebuilder in the United States.

How does MTH's latest capital return program benefit shareholders?

MTH's capital return program benefits shareholders through a $0.43 quarterly dividend and an expanded share repurchase program with a $500 million increase in authorization, demonstrating commitment to shareholder value.