Lennar Co. (LEN.B) to Issue Quarterly Dividend of $0.13 on July 24th

Lennar Co. (NYSE:LEN.B) announced a quarterly dividend on Thursday, June 25th, RTT News reports. Stockholders of record on Friday, July 10th will be given a dividend of 0.125 per share by the construction company on Friday, July 24th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, July 9th.

LEN.B opened at $46.50 on Tuesday. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 7.00 and a beta of 1.63. Lennar has a fifty-two week low of $18.87 and a fifty-two week high of $56.32. The company’s 50-day moving average price is $45.21 and its 200 day moving average price is $43.17. The company has a quick ratio of 1.24, a current ratio of 14.27 and a debt-to-equity ratio of 0.45.

Lennar (NYSE:LEN.B) last announced its quarterly earnings results on Monday, June 15th. The construction company reported $1.65 EPS for the quarter. Lennar had a net margin of 9.30% and a return on equity of 13.08%. The company had revenue of $5.29 billion for the quarter.

Separately, ValuEngine cut shares of Lennar from a “sell” rating to a “strong sell” rating in a report on Thursday, July 2nd.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Lennar Financial Services, Lennar Multifamily, and Rialto segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.

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Dividend History for Lennar (NYSE:LEN.B)

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