LENLennar CorporationStock — Consumer Discretionary
Yield
2.36%
$2.00 indicated at $84.92
Dividend
$0.50/qtr
Declared Sep 23, 2026, payable Oct 22, 2026, record Oct 7, 2026
Payout ratio
37.7%
Trailing, per StockAnalysis
Pays
Quarterly
Flat at $0.50 since January 2024; buyback yield 6.75%
House verdict
Covered, but flat through a housing downturn. A $0.50 quarterly dividend at a 37.69% trailing payout, flat since January 2024. Q3 2026 orders fell 9% and deliveries 3%, and EPS missed the consensus — the dividend was affirmed, but the housing cycle is doing the talking.
Key risk: Housing is cyclical — orders down 9% and deliveries down 3% in Q3 2026; a deeper downturn tests the flat rate.
Changes if: The rate is cut, or orders fall further for two more quarters.
- ✓Covered by earnings 37.69% trailing payout, per StockAnalysis.
- !Flat rate $0.50 since January 2024, no raise in nearly three years.
- !Housing downturn Q3 2026 orders −9%, deliveries −3%, EPS miss.
What this grade doesn't say: It screens the dividend only — covered, real, compounding. It says nothing about valuation or price: a well-covered payer can still be overpriced, and its price can still fall.