Lennar Board Boosts Annual Dividend To $2.00 From $1.50 Per Share, Resulting In Quarterly Cash Dividend Of $0.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Lennar Corporation's Board of Directors has increased the company's annual dividend from $1.50 to $2.00 per share. This increment leads to a quarterly cash dividend of $0.50 per share.
January 09, 2024 | 10:32 pm
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Lennar Corporation has raised its annual dividend to $2.00 per share, up from $1.50, which translates to a quarterly dividend of $0.50 per share.
The increase in dividends is typically viewed positively by investors as it signals confidence in the company's financial health and future earnings potential. This can lead to a short-term increase in stock price as it may attract income-focused investors.
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