How To Earn $500 A Month From Lennar After Q3 Results
Portfolio Pulse from Lisa Levin
Lennar Corporation (NYSE:LEN) reported better-than-expected Q3 results with earnings of $3.91 per share and sales of $8.73 billion. New orders increased 37% to 19,666 homes. The company offers an annual dividend yield of 1.31%, which is a quarterly dividend amount of $0.375 a share. To earn $500 per month from dividends, an investment of approximately $459,040 or around 4,000 shares is needed.
September 18, 2023 | 12:26 pm
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Lennar Corporation reported better-than-expected Q3 results and offers a dividend yield of 1.31%. To earn $500 per month from dividends, an investment of approximately $459,040 or around 4,000 shares is needed.
The better-than-expected Q3 results and the potential for dividend income could attract investors, potentially driving up the stock price in the short term. However, the stock price fell 2.5% to close at $114.76 on Friday, which could indicate some market skepticism.
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