Meritage Homes Announces Quarterly Dividend of $0.75 and Share Repurchase Expansion

2 min read | November 21, 2024 10:26 PM PST | By Team Kalkine Media

Quarterly Dividend

The company declared a quarterly dividend of $0.75 per share, to be distributed on December 31, 2024, for shareholders recorded by December 17, 2024. This announcement reflects Meritage's consistent focus on rewarding shareholders through direct cash returns.

Expanded Share Buyback Authorization

Meritage’s Board of Directors approved a $250 million increase to its share repurchase program, raising the total authorized amount to $334 million. This expansion includes $15 million already allocated to systematic buybacks in the current quarter. The move underlines Meritage’s strategic focus on enhancing shareholder value through equity reduction and investment in its future growth trajectory.

About Meritage Homes

Meritage specializes in energy-efficient and affordable homes for entry-level and first move-up buyers. Operating across 12 states, the company continues to address the growing demand for modern, sustainable housing solutions in key U.S. markets.

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