Lennar Corporation Increases Annual Dividend to $1.50 Per Share
Lennar Corporation (NYSE: LEN, LEN.B) announced an increase in its annual dividend from $1.00 to $1.50 per share, resulting in a quarterly dividend of $0.375. This dividend will be paid on February 10, 2022 to shareholders on record by January 27, 2022. Executive Chairman Stuart Miller stated that the decision is part of their strategy to enhance total shareholder returns and reflects confidence in the company’s cash flow generation and operational stability.
- Annual dividend increased from $1.00 to $1.50 per share.
- Quarterly dividend now set at $0.375 per share.
- Company expresses confidence in cash flow generation and operational performance.
- Forward-looking statements indicate potential risks regarding future dividend payments.
MIAMI, Jan. 12, 2022 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has increased its annual dividend to
Stuart Miller, Executive Chairman of Lennar, said, "Once again, we are increasing our dividend as part of our overall strategy of focusing on total shareholder returns. Given our confidence in our operating platform and resulting cash flow generation, we continue to believe a balanced program of debt reduction, stock repurchase and an increased dividend, is appropriate."
Forward-Looking Statements
Some of the statements in this press release are "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding our annual dividend. These forward-looking statements are subject to risks, uncertainties and assumptions, including the risk that no future dividends are issued or that the dividend will be reduced in the future. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements. They include the risks detailed in Lennar's filings with the SEC, including the "Risk Factors" section of Lennar's Annual Report on Form 10-K for the fiscal year ended November 30, 2020. It is not possible for management to predict all the possible risks that could affect Lennar or to assess the impact of all possible risks on Lennar's business.
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. LENX drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com.
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SOURCE Lennar
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