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

Lennar Corporation (NYSE:LEN.B - Get Free Report) announced a quarterly dividend on Thursday, June 19th, RTT News reports. Investors of record on Thursday, July 3rd will be paid a dividend of 0.50 per share by the construction company on Friday, July 18th. This represents a $2.00 annualized dividend and a yield of 2.02%.

Lennar Trading Down 1.6%

Lennar stock traded down $1.58 during mid-day trading on Thursday, hitting $99.22. 43,267 shares of the stock were exchanged, compared to its average volume of 55,189. The stock has a market capitalization of $26.17 billion, a price-to-earnings ratio of 8.21 and a beta of 1.28. Lennar has a 12 month low of $94.09 and a 12 month high of $177.00. The company has a quick ratio of 0.68, a current ratio of 3.65 and a debt-to-equity ratio of 0.12. The firm's fifty day simple moving average is $102.91 and its two-hundred day simple moving average is $116.95.

Lennar (NYSE:LEN.B - Get Free Report) last issued its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.96 by ($0.06). The business had revenue of $8.38 billion for the quarter. Lennar had a return on equity of 12.73% and a net margin of 9.20%. During the same period in the prior year, the firm posted $3.38 EPS.

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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