Meritage Homes announces dividend and $500 million share buyback

SCOTTSDALE - Meritage Homes Corporation (NYSE:MTH), the fifth-largest homebuilder in the United States with a market capitalization of $5.3 billion, declared a quarterly dividend of $0.43 per share on Thursday, payable on September 30, 2025, to shareholders of record as of September 16, 2025. The dividend represents a yield of 2.29%, reflecting the company’s commitment to shareholder returns.

The company’s Board of Directors also approved a $500 million increase to its share repurchase authorization, according to a press release statement.

Meritage Homes operates across 12 states, including Arizona, California, Colorado, Utah, Tennessee, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, and South Carolina.

The company, which has delivered over 200,000 homes during its 40-year history, specializes in energy-efficient and affordable entry-level and first move-up homes.

Meritage has been recognized as an industry leader in energy-efficient homebuilding, having received the U.S. Environmental Protection Agency’s ENERGY STAR Partner of the Year for Sustained Excellence Award and Residential New Construction Market Leader Award eleven times, as well as the EPA’s Indoor airPLUS Leader Award four times.

In other recent news, Meritage Corporation reported its financial results for the second quarter of 2025, exceeding Wall Street expectations. The company achieved an earnings per share (EPS) of $2.04, surpassing the forecast of $1.98. Revenue also outperformed predictions, totaling $1.61 billion compared to the anticipated $1.59 billion. Despite these positive financial results, Meritage’s stock experienced a decline in after-hours trading. The decrease in stock price was attributed to investor concerns about broader market trends and internal challenges. These developments highlight the ongoing dynamics affecting Meritage Corporation and its market performance.

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