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Meritage Homes Initiates Quarterly Dividend

Meritage Homes Corp (NYSE:MTH) Board of Directors has approved the initiation of a recurring quarterly cash dividend of $0.27 per…
byShivani Kumaresan
February 17, 2023
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  • Meritage Homes Corp (NYSE:MTH) Board of Directors has approved the initiation of a recurring quarterly cash dividend of $0.27 per share.
  • The first dividend will be paid on Mar. 31, 2023, to shareholders of record as of the close of trading on Mar. 15, 2023.
  • “I am pleased to announce the Board’s decision to adopt a quarterly cash dividend, which reflects confidence in our business strategy and operating performance as well as our commitment to maximize long-term value for shareholders,” said CEO Phillippe Lord.
  • The company held $861.6 million in cash and equivalents as of Dec. 31, 2022.
  • Meritage Homes offers affordable, energy-efficient entry-level and first move-up homes across Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina, and Tennessee.
  • Price Action: MTH shares closed lower by 2.10% at $110.78 on Thursday.
 
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