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SCOTTSDALE, Ariz. - Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, declared a quarterly dividend of $0.43 per share today, representing a 2.68% yield. The dividend will be distributed on June 30, 2025, to shareholders of record at the close of trading on June 16, 2025. According to InvestingPro data, the company’s dividend has grown 14.67% over the last twelve months.
The announcement reflects the company’s continued financial performance and commitment to delivering shareholder value. Meritage Homes, known for its energy-efficient and affordable homes, has a significant presence across several states, including Arizona, California, Colorado, and Texas, among others. With a market capitalization of $4.64 billion and a strong current ratio of 12.57, InvestingPro analysis suggests the company is currently trading below its Fair Value, making it one of many stocks featured on the most undervalued list.
With a history spanning four decades, Meritage has delivered nearly 200,000 homes and is recognized for its distinctive style and quality construction. The company has also been acknowledged for its sustainability efforts, having received multiple awards from the U.S. Environmental Protection Agency (EPA) for energy efficiency and indoor air quality.
The company’s focus on affordable entry-level and first move-up homes caters to a broad market segment, which has helped position Meritage as the fifth-largest public homebuilder in the country based on the number of homes closed in 2024.
This dividend announcement is based on a press release statement from Meritage Homes Corporation.
In other recent news, Meritage Homes Corporation reported its first-quarter 2025 earnings, which fell short of analysts’ expectations. The company posted an earnings per share (EPS) of $1.69, missing the forecast of $1.73, while revenue was reported at $1.34 billion, slightly below the anticipated $1.36 billion. Despite these results, Meritage Homes maintained its full-year guidance, projecting revenue between $6.6 billion and $6.9 billion. In a separate development, BofA Securities initiated coverage on Meritage Homes, assigning a Buy rating with a price target of $82.00, citing the company’s operational strength and market share gains as reasons for optimism.
Additionally, Meritage Homes announced the upcoming departure of its Executive Vice President and Chief Operating Officer, Clint Szubinski, effective May 16, 2025. The company has not yet named a successor. Despite challenges such as high mortgage rates and softening housing demand, BofA Securities noted Meritage’s solid financial position and attractive valuation. The firm’s analysis acknowledged risks but suggested that the current stock valuation reflects these market conditions. These developments provide a snapshot of Meritage Homes’ recent activities and strategic direction.
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