How To Earn $500 A Month From Lennar Stock Following Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Lennar Corporation (NYSE:LEN) exceeded Q4 earnings and sales expectations, reporting adjusted earnings of $5.17 per share and quarterly sales of $10.97 billion, surpassing estimates of $4.59 per share and $10.22 billion, respectively. The company anticipates 17,500-18,000 net orders in Q1. Lennar's annual dividend yield is 0.97%, with a quarterly dividend of 37.5 cents per share. To earn $500 monthly from dividends, an investment of approximately $619,240 or 4,000 shares is needed. Lennar shares rose 6.7% to close at $154.81 following the earnings report.
December 15, 2023 | 1:42 pm
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Lennar Corporation reported strong Q4 earnings and sales, with a positive outlook for Q1 net orders. The stock price increased by 6.7% following the announcement. The company pays a quarterly dividend of 37.5 cents per share, with an annual yield of 0.97%.
The positive earnings report and sales figures are likely to instill investor confidence and could lead to a short-term increase in stock price. The dividend information provides additional incentive for income-focused investors, potentially increasing demand for the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100