Rhea-AI Impact
Rhea-AI Sentiment
Rhea-AI Summary
Meritage Homes, the fifth-largest U.S. homebuilder, announced two significant shareholder actions. The company declared a quarterly dividend of $0.75 per share, payable on December 31, 2024, to shareholders of record as of December 17, 2024. Additionally, the Board approved a $250 million increase to its share repurchase authorization. Combined with $15 million in systematic buybacks quarter-to-date, the total authorized share repurchase program now stands at $334 million as of November 21, 2024.
Meritage Homes, il quinto costruttore di case più grande degli Stati Uniti, ha annunciato due importanti azioni per gli azionisti. L’azienda ha dichiarato un dividendo trimestrale di $0,75 per azione, pagabile il 31 dicembre 2024, agli azionisti registrati fino al 17 dicembre 2024. Inoltre, il Consiglio ha approvato un incremento di $250 milioni per il proprio programma di riacquisto di azioni. Combinato con $15 milioni in riacquisti sistematici fino ad oggi, il totale autorizzato per il programma di riacquisto di azioni ammonta ora a $334 milioni al 21 novembre 2024.
Meritage Homes, el quinto constructores de viviendas más grande de EE. UU., anunció dos acciones significativas para los accionistas. La compañía declaró un dividendo trimestral de $0.75 por acción, que se pagará el 31 de diciembre de 2024, a los accionistas registrados hasta el 17 de diciembre de 2024. Además, la Junta aprobó un incremento de $250 millones a su autorización de recompra de acciones. Combinado con $15 millones en recompras sistemáticas hasta la fecha, el total autorizado para el programa de recompra de acciones se sitúa ahora en $334 millones a partir del 21 de noviembre de 2024.
Meritage Homes, 미국에서 다섯 번째로 큰 주택 건설사, 두 가지 중요한 주주 조치를 발표했습니다. 회사는 주당 $0.75의 분기 배당금을 선언했으며, 이는 2024년 12월 31일에 지급되고, 2024년 12월 17일 기준의 주주에게 지급됩니다. 또한 이사회는 $250 million의 자사주 매입 허가를 증액하기로 승인했습니다. 지금까지 $15 million의 정기적인 매입과 합쳐서, 현재 자사주 매입 프로그램의 총 허가액은 2024년 11월 21일 기준으로 $334 million에 달합니다.
Meritage Homes, le cinquième plus grand constructeur de maisons aux États-Unis, a annoncé deux actions significatives pour les actionnaires. La société a déclaré un dividende trimestriel de 0,75 $ par action, payable le 31 décembre 2024, aux actionnaires inscrits au 17 décembre 2024. De plus, le Conseil a approuvé une augmentation de 250 millions $ de son autorisation de rachat d’actions. Associé à 15 millions $ d’achats systématiques jusqu’à présent, le programme de rachat d’actions autorisé s’élève désormais à 334 millions $ au 21 novembre 2024.
Meritage Homes, der fünftgrößte Hausbauer der USA, kündigte zwei bedeutende Aktionärsmaßnahmen an. Das Unternehmen erklärte eine quartalsweise Dividende von 0,75 $ pro Aktie, zahlbar am 31. Dezember 2024, an Aktionäre, die am 17. Dezember 2024 im Aktienregister stehen. Darüber hinaus genehmigte der Vorstand eine Erhöhung um 250 Millionen $ für sein Aktienrückkaufprogramm. Zusammen mit 15 Millionen $ an systematischen Rückkäufen im laufenden Quartal steht das insgesamt genehmigte Aktienrückkaufprogramm nun bei 334 Millionen $ zum 21. November 2024.
Positive
- Board approved $250M increase to share repurchase program
- Maintaining $0.75 quarterly dividend payout
- Total buyback authorization reaches $334M
- $15M in systematic buybacks already executed quarter-to-date
Insights
This dividend and buyback announcement signals strong financial health and shareholder-friendly capital allocation. The $0.75 quarterly dividend demonstrates consistent cash flow generation, while the substantial $250M increase to share repurchase authorization reflects management’s confidence in the company’s valuation and future prospects.
The total buyback authorization of $334M represents approximately 5.1% of MTH’s market cap, providing significant potential support for the stock price. With $15M already deployed this quarter, management is actively executing on their commitment to return capital to shareholders. This dual approach of dividends and buybacks suggests robust free cash flow generation and a strong balance sheet, particularly noteworthy in the cyclical homebuilding sector.
SCOTTSDALE, Ariz., Nov. 21, 2024 (GLOBE NEWSWIRE) — Meritage 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 is payable on December 31, 2024 to shareholders of record as of the close of trading on December 17, 2024.
Meritage also announced that its Board of Directors has approved a $250 million increase to the Company’s share repurchase authorization. This increase combined with $15 million in systematic buybacks on a quarter to date basis 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 homebuilder in the United States, based on homes closed in 2023. The Company offers energy-efficient and affordable entry-level and first move-up homes. Operations span across Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.
Meritage has delivered over 190,000 homes in its 38-year history, and has a reputation for its distinctive style, quality construction, and award-winning customer experience. The Company is an industry leader in energy-efficient homebuilding, an eleven-time recipient of the U.S. Environmental Protection Agency’s (EPA) ENERGY STAR® Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award, as well as a four-time recipient of the EPA’s Indoor airPLUS Leader Award.
For more information, visit www.meritagehomes.com.
FAQ
What is Meritage Homes’ (MTH) quarterly dividend for Q4 2024?
Meritage Homes declared a quarterly dividend of $0.75 per share, payable on December 31, 2024, to shareholders of record as of December 17, 2024.
How much did Meritage Homes (MTH) increase its share repurchase authorization in November 2024?
Meritage Homes increased its share repurchase authorization by $250 million on November 21, 2024.
What is the total authorized share repurchase program for Meritage Homes (MTH) as of November 21, 2024?
The total authorized share repurchase program for Meritage Homes is $334 million as of November 21, 2024, including the $250 million increase and $15 million in quarter-to-date buybacks.
