Meritage Homes's last quarterly dividend of $0.75 per share was on Jun 14, 2024 (ex-date). At an annualized rate of $2.04 per share, the stock yields 1.06%.
Meritage Homes's dividend yield of 1.06% is higher than the industry average but lower than the Consumer Cyclical sector average. If we compare it with the Consumer Cyclical sector average of 2.4%, Meritage Homes's dividend yield is 56% lower.
Our records of MTH show that the company has issued four quarterly dividends in the last twelve months.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jun 14, 2024 | Jun 28, 2024 | May 16, 2024 | $0.75 | normal |
| Mar 14, 2024 | Mar 29, 2024 | Feb 22, 2024 | $0.75 | normal |
| Dec 14, 2023 | Dec 29, 2023 | Nov 16, 2023 | $0.27 | normal |
| Sep 14, 2023 | Sep 29, 2023 | Aug 23, 2023 | $0.27 | normal |
| Jun 14, 2023 | Jun 30, 2023 | May 18, 2023 | $0.27 | normal |
| Mar 14, 2023 | Mar 31, 2023 | Feb 16, 2023 | $0.27 | normal |
Meritage Homes's payout ratio of 9.4% is above the industry average but below the Consumer Cyclical sector average. Compared to its Consumer Cyclical sector average of 38.3%, Meritage Homes's payout ratio is 75% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MTH Meritage Homes CORP | 1.02% | $2.04 | 9.4% |
| KBH Kb Home | 1.01% | $0.85 | 10.9% |
| DHI Horton D R Inc | 0.65% | $1.15 | 7.7% |
Meritage Homes has paid four dividends in the last 12 months.
MTH hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in September 2024.
Meritage Homes's last regular dividend was on Jun 14, 2024 (ex-date) with the amount of $0.75 per share.
On an annual basis MTH pays $2.04 per share.
Currently Meritage Homes's dividend yield is 1.06%.
Meritage Homes pays dividends quarterly.
Meritage Homes's dividend payout ratio is 9.4%.
Meritage Homes's dividend yield is less than the Consumer Cyclical sector average.