Lennar Keeps Dividend Steady

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Homebuilder Lennar (NYSE: LEN) announced today its third-quarter dividend of $0.04 per share on its class A and class B, the same rate it's paid since 2008 when it slashed the payout 75% during the depths of the recession.

The board of directors said the quarterly dividend is payable on November 1 to holders of record at the close of business on October 18. The regular dividend payment equates to a $0.16-per-share annual dividend, yielding 0.4% based on the closing price today of Lennar's stock.

LEN Dividend Chart

LEN Dividend data by YCharts

The article Lennar Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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