Meritage Homes Increases Quarterly Cash Dividend and Renews Programmatic Share Repurchase Strategy

Core Points - Meritage Homes Corporation has declared a quarterly cash dividend of $0.43 per share, payable on March 31, 2025, to shareholders of record as of March 17, 2025, an increase from$0.375 per share in 2024, reflecting a two-for-one stock split completed on January 2, 2025 [1][2] - The company has renewed its share repurchase program, committing to repurchase $15 million worth of shares each quarter in 2025, with the plan intended to be evergreen unless changed by the company [2] Company Overview - Meritage Homes is the fifth-largest public homebuilder in the U.S., based on homes closed in 2023, and operates in multiple states including Arizona, California, Texas, and Florida [5][6] - The company has delivered nearly 200,000 homes in its 39-year history and is recognized for its energy-efficient homebuilding practices, having received multiple awards from the U.S. Environmental Protection Agency [6]