Meritage Homes Announces Two-for-One Stock Split

Rhea-AI Summary

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.

Positive

• Stock split can improve stock liquidity and make shares more accessible to retail investors
• Split signals management's confidence in company's growth prospects

Negative

• None.

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

When is Meritage Homes (MTH) stock split record date?

The record date for Meritage Homes' two-for-one stock split is December 31, 2024.

What is the ratio of Meritage Homes (MTH) stock split in 2024?

Meritage Homes announced a two-for-one stock split, meaning shareholders will receive one additional share for each share held.

When will MTH stock begin trading on split-adjusted basis?

Meritage Homes (MTH) stock will begin trading on a split-adjusted basis on January 3, 2025.

When will Meritage Homes (MTH) distribute the split shares?

Meritage Homes will distribute the split shares after market close on January 2, 2025.