Meritage Homes Announces Systematic Share Repurchase Strategy With A Minimum Buyback Commitment Of $15M In Each Quarter Of This Fiscal Year. In January And February Of 2024, The Company Has Already Repurchased Its $15M And An Additional $41M Of Shares
Portfolio Pulse from Benzinga Newsdesk
Meritage Homes Corporation (MTH) announced a significant increase in its quarterly dividend to $0.75 per share from $0.27 and initiated a share repurchase plan with a minimum commitment of $15M each quarter for this fiscal year. Already, $56M in shares have been repurchased in the first two months of 2024. Additionally, the company has consolidated its board committees related to governance and sustainability into a new committee.
February 22, 2024 | 10:17 pm
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Meritage Homes increases its quarterly dividend significantly and commits to a systematic share repurchase strategy, enhancing shareholder value.
The increase in dividend and the commitment to a share repurchase plan signal strong financial health and confidence in future growth, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100