Meritage Homes Announces Quarterly Cash Dividend and Enhances Programmatic Share Repurchase Strategy

Core Points - Meritage Homes Corporation has declared a quarterly dividend of $0.43 per share, payable on December 31, 2025, to shareholders of record as of December 17, 2025 [1] - The company has repurchased $128 million of shares in the fourth quarter and $273 million year-to-date, with $536 million remaining under the current authorization program [2] - Meritage plans to increase its share repurchase commitment to $100 million per quarter in 2026, anticipating reduced land acquisition and development spending [3] Company Overview - Meritage Homes is the fifth-largest public homebuilder in the U.S., based on homes closed in 2024, and operates in multiple states including Arizona, California, and Texas [6] - The company has delivered over 200,000 homes in its 40-year history and is recognized for its energy-efficient homebuilding practices [7] - Meritage has received multiple awards from the U.S. Environmental Protection Agency for its commitment to energy efficiency and quality construction [8]