Lennar Corporation (NYSE:LEN.B) Declares Quarterly Dividend of $0.50

Key Points

• Lennar Corporation announced a quarterly dividend of $0.50, which will be paid to stockholders of record on October 10th.
• The company's stock price increased by 1.2% during trading on Monday, reaching $121.23, with a market cap of $31.40 billion.
• Lennar reported earnings of $2.00 per share for the previous quarter and had revenue of $8.81 billion, showcasing strong financial performance.

Lennar Corporation (NYSE:LEN.B - Get Free Report) announced a quarterly dividend on Monday, September 29th, Wall Street Journal reports. Stockholders of record on Friday, October 10th will be paid a dividend of 0.50 per share by the construction company on Monday, October 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, October 10th.

Lennar Stock Up 1.2%

LEN.B traded up $1.49 during trading on Monday, reaching $121.23. 36,999 shares of the stock traded hands, compared to its average volume of 59,892. The stock has a market cap of $31.40 billion, a price-to-earnings ratio of 11.98 and a beta of 1.24. Lennar has a fifty-two week low of $94.09 and a fifty-two week high of $177.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68. The stock's 50-day simple moving average is $121.79 and its two-hundred day simple moving average is $110.70.

Lennar (NYSE:LEN.B - Get Free Report) last issued its quarterly earnings results on Thursday, September 18th. The construction company reported $2.00 earnings per share (EPS) for the quarter. The firm had revenue of $8.81 billion for the quarter. Lennar had a return on equity of 11.09% and a net margin of 7.72%.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.

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