SCOTTSDALE, Ariz., Nov. 21, 2024 (GLOBE NEWSWIRE) — Meritage (NYSE:) Homes Corporation (NYSE: MTH, Meritage or the Company), the fifth largest homebuilder in the U.S., today announced that its board of directors has declared a quarterly dividend of $0.75 per share. This dividend will be paid on December 31, 2024 to shareholders of record at the close of business on December 17, 2024.
Meritage also announced that its board of directors approved a $250 million increase in the company’s stock buyback authorization. This increase, combined with $15 million in systematic repurchases quarter to date, brings the Company’s total authorized share repurchase program to $334 million as of November 21, 2024.
About Meritage Homes Corporation
Meritage is the fifth-largest public housing builder in the United States, based on homes closed in 2023. The company offers affordable, energy-efficient entry-level and first-move-in homes. Operations span Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.
Meritage has delivered more than 190,000 homes in its 38-year history and has a reputation for distinctive style, quality construction and award-winning customer experience. The Company is an industry leader in energy-efficient home construction, an eleven-time recipient of the ENERGY STAR ® Partner of the Year Award for Sustained Excellence and the US Environmental Protection Agency’s Residential New Construction Market Leader Award. USA (EPA), as well as four winners of the EPA’s Indoor airPLUS Leader Award.
For more information, visit www.meritagehomes.com.
| Contacts: | Emily Tadano, Vice President of Investor Relations and ESG |
| (480) 515-8979 (office) | |
| investors@meritagehomes.com |
Source: Meritage Homes Corporation