Meritage Homes Announces Two-for-One Stock Split
Meritage Homes, the fifth-largest U.S. homebuilder, announced a two-for-one stock split of its common stock in the form of a stock dividend. Stockholders of record as of December 31, 2024, will receive one additional share for each share held, with the distribution occurring after market close on January 2, 2025. Trading on a split-adjusted basis will commence on January 3, 2025.
Meritage Homes, il quinto costruttore di case più grande degli Stati Uniti, ha annunciato uno split azionario due a uno delle sue azioni ordinarie sotto forma di dividendo azionario. Gli azionisti registrati al 31 dicembre 2024 riceveranno un'azione aggiuntiva per ogni azione detenuta, con la distribuzione che avverrà dopo la chiusura del mercato il 2 gennaio 2025. Le contrattazioni sulla base dello split inizieranno il 3 gennaio 2025.
Meritage Homes, el quinto constructor de viviendas más grande de Estados Unidos, anunció un desdoblamiento de acciones dos a uno de sus acciones ordinarias en forma de dividendo en acciones. Los accionistas registrados al 31 de diciembre de 2024 recibirán una acción adicional por cada acción que posean, con la distribución ocurriendo después del cierre del mercado el 2 de enero de 2025. Las negociaciones ajustadas por el desdoblamiento comenzarán el 3 de enero de 2025.
Meritage Homes는 미국에서 다섯 번째로 큰 주택 건설업체로, 일반 주식의 2 대 1 주식 분할을 주식 배당 형태로 발표했습니다. 2024년 12월 31일 기준 주주들은 보유한 주식1주당 추가 1주를 받게 되며, 배당금 지급은 2025년 1월 2일 시장 마감 후에 이루어집니다. 분할 조정 거래는 2025년 1월 3일부터 시작됩니다.
Meritage Homes, le cinquième constructeur de maisons aux États-Unis, a annoncé un fractionnement d'actions deux pour un de ses actions ordinaires sous forme de dividende en actions. Les actionnaires enregistrés au 31 décembre 2024 recevront une action supplémentaire pour chaque action détenue, la distribution ayant lieu après la clôture du marché le 2 janvier 2025. Les échanges sur une base ajustée au fractionnement commenceront le 3 janvier 2025.
Meritage Homes, der fünftgrößte Wohnungsbauer in den USA, gab eine Aktienaufspaltung im Verhältnis zwei zu eins seiner Stammaktien in Form einer Aktiendividende bekannt. Aktionäre, die bis zum 31. Dezember 2024 registriert sind, erhalten für jede gehaltene Aktie eine zusätzliche Aktie, wobei die Verteilung nach Schluss der Märkte am 2. Januar 2025 erfolgt. Der Handel auf Basis der gesplitteten Aktien beginnt am 3. Januar 2025.
- Stock split can improve stock liquidity and make shares more accessible to retail investors
- Split signals management's confidence in company's growth prospects
- None.
Insights
This stock split signals management's confidence in Meritage's growth trajectory and reflects strong recent performance in the homebuilding sector. While stock splits don't directly create value, they can improve stock liquidity and make shares more accessible to retail investors. The split comes at a time when MTH trades near
Historically, companies that announce splits often see positive momentum leading up to the effective date. The timing of this split, coinciding with a resilient housing market despite higher interest rates, could attract new retail investors. The split's execution in early January 2025 aligns well with typical new-year investment cycles when trading volumes tend to increase.
The homebuilding sector has shown remarkable resilience and this split reflects MTH's strong market position as the fifth-largest U.S. homebuilder. The lower post-split price point could attract more institutional investment, as some funds have restrictions on high per-share prices. The January implementation provides adequate notice for portfolio managers to adjust their positions and could catalyze increased trading activity in Q1 2025.
The split's timing suggests management's optimistic outlook on housing market conditions, despite concerns about interest rates. This move typically indicates leadership's belief that growth momentum will continue, particularly important given MTH's
SCOTTSDALE, Ariz., Nov. 25, 2024 (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 two-for-one stock split of Meritage’s common stock in the form of a stock dividend. Each stockholder of record at the close of business on December 31, 2024 will receive one additional share of common stock for each share of common stock held, payable after the close of market on January 2, 2025. Trading will begin on a split-adjusted basis on January 3, 2025.
About Meritage Homes Corporation
Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2023. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.
Meritage has delivered over 190,000 homes in its 38-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 ESG |
| (480) 515-8979 (office) | |
| investors@meritagehomes.com |
FAQ
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