Lennar Corporation Declares Quarterly Dividends

Rhea-AI Summary

Lennar Corporation (NYSE: LEN and LEN.B) has declared a quarterly cash dividend of $0.25 per share for both Class A and Class B common stock. This dividend is payable on October 28, 2021 to shareholders on record as of October 14, 2021. Founded in 1954, Lennar is a leading homebuilder in the U.S., offering affordable and quality homes across various segments. The company's financial services and multifamily development initiatives further support its growth in the housing market.

Positive

• Quarterly dividend of $0.25 per share announced.
• Dividend payment reflects company confidence and stability.

Negative

• None.

MIAMI, Sept. 29, 2021 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.25 per share for both Class A and Class B common stock payable on October 28, 2021 to holders of record at the close of business on October 14, 2021.

About Lennar
Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LEN^X drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com.   

 

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SOURCE Lennar Corporation

FAQ

What is the amount of Lennar's quarterly dividend?

Lennar has declared a quarterly dividend of $0.25 per share.

When will Lennar's dividend be paid?

The dividend will be paid on October 28, 2021.

What is the record date for Lennar's dividend?

The record date for Lennar's dividend is October 14, 2021.

How often does Lennar pay dividends?

Lennar typically pays dividends quarterly.

Is the dividend from Lennar sustainable?

While the announcement reflects company confidence, sustainability depends on future financial performance.