Yesterday Lennar Corporation declared a quarterly cash dividend of $0.04 per share for both their Class A and Class B common stocks.
One of the nation’s leading home builders, Lennar Corporation was founded way back in 1954. Lennar’s Financial Services segment now provides mortgage financing, title insurance and closing services, and Lennar’s Rialto Investments focuses on distressed real estate investments and asset management.
According to the earnings estimate pages of the Lennar website, the stock is holding strong at a “hold” position even though most indicators show the company exceeding expectations for the most part. The company had just reported Q4 2012 net earnings of some $124.3 million and an increase in delivered homes of more than 30%. New orders with the company were also up a third, as was revenue at $1.3 billion (42%). For 2012 Lennar stocks gained over $3 per diluted share.
More information about this announcement and other Lennar news can be obtained via the company’s website, www.lennar.com.