The Scottsdale-based developer confirmed the new payout replaces the previous 43-cent distribution. This adjustment brings the annualized dividend to $1.92 per share, resulting in a 2.4% yield based on the company’s Wednesday closing price of $79.00.

Yield and Payment Timeline

The board of directors approved the distribution for shareholders of record as of March 17, with the actual payment scheduled for March 31. This move reflects a broader trend among resilient homebuilders maintaining strong balance sheets despite fluctuating mortgage rates.

According to the official statement from Meritage Homes, the increase underscores a commitment to delivering consistent value to its investor base. The company remains a significant player in the entry-level and first-move-up housing segments across the United States.