Lennar
LEN,
raised its annual dividend to $2.00 a share, a 33% improve, and stated the homebuilder’s board has approved a $5 billion improve to its share-repurchase program.
Based on the closing inventory worth of $148.16 on Tuesday, the dividend improve boosts the annual dividend yield to about 1.3%.
“Given the strength of our balance sheet, our strong cash position and our operating strategy driving cash flow, we are focusing more of our capital allocation on maximizing total shareholder returns,” Co-Chief Executive Stuart Miller stated.
Source web site: www.marketwatch.com
