News to Watch: Lennar Corporation (NYSE:LEN)

Lennar Corporation (NYSE:LEN) spotted trading -4.65% off 52-week high price. On the other end, the stock has been noted 38.22% away from the low price over the last 52-weeks. The stock changed 3.52% to recent value of $59.72. The stock transacted 5150037 shares during most recent day however it has an average volume of 3.24M shares. The company has 306.43M of outstanding shares and 289.37M shares were floated in the market.

On Jan. 10, 2020, Lennar Corporation (NYSE:LEN) one of the nation’s leading homebuilders, notified that its Board of Directors has increased its annual dividend by 213% to $0.50 per share from $0.16 per share, resulting in a quarterly cash dividend of $0.125 per share for both Class A and Class B common stock. The dividend is payable on February 7, 2020 to holders of record at the close of business on January 24, 2020.

Stuart Miller, Executive Chairman of Lennar, said, We are increasing our dividend as part of our overall strategy of focusing on total shareholder returns. Given our focus on operational excellence, land strategy and cash flow, we believe a diversified program of debt reduction, stock repurchase and now an increased dividend, is appropriate.

About Lennar

Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. The Company builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar’s homes and, through Rialto Mortgage Finance, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Lennar Ventures drives the Company’s technology and innovation strategies.

Its earnings per share (EPS) expected to touch remained 67.50% for this year while earning per share for the next 5-years is expected to reach at 7.00%. LEN has a gross margin of 14.10% and an operating margin of 8.60% while its profit margin remained 6.50% for the last 12 months.

The price moved ahead of 4.93% from the mean of 20 days, 2.38% from mean of 50 days SMA and performed 11.30% from mean of 200 days price. Company’s performance for the week was 5.76%, 1.00% for month and YTD performance remained 7.04%.

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