Financial

Lennar Corporation (NYSE:LEN) Gears up slightly after dividend update

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Lennar Corporation (NYSE:LEN) spotted trading -15.30% off 52-week high price. On the other end, the stock has been noted 37.28% away from the low price over the last 52-weeks. The stock transacted 989273 shares during most recent day however it has an average volume of 3824.8K shares. The company has 310.09M of outstanding shares and 296.08M shares were floated in the market.

Lennar Corporation (NYSE:LEN) stock changed 0.69% to recent value of $51.19 after the company declared that its Board of Directors has reported a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on May 8, 2019 to holders of record at the close of business on April 24, 2019.

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 3.99%. LEN has a gross margin of 12.80% and an operating margin of 7.30% while its profit margin remained 5.00% for the last 12 months.

The price moved ahead of 4.05% from the mean of 20 days, 5.87% from mean of 50 days SMA and performed 8.44% from mean of 200 days price. Company’s performance for the week was 2.07%, 4.70% for month and YTD performance remained 29.86%.

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.

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