Lennar Corporation
LENConsumer Cyclical · Stock · quarterly payer
Forward Yield
2.62%
Annual Dividend
$2.00
Payout Ratio
38%
5-Yr Growth
32.8%
Ex-Date
Jul 10, 2026
Frequency
Quarterly
Summary
As of September 2026, Lennar Corporation (LEN) yields 2.62% ($2.00 per share annually), with a blended fair-value estimate of $63.14 — -17% downside, so it screens as overvalued. Dividend safety grade: A (85/100). 2 years of dividend growth.
Is LEN a good dividend stock?
YesLennar Corporation (LEN) pays a quarterly dividend yielding 2.62% ($2.00/yr), with 2 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (38%)
- Strong 32.8% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2008
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.62%
- Payout Ratio
- 38%
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- 32.8%
- Ex-Dividend Date
- Jul 10, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.40
- Market Cap
- $18.4B
- P/E Ratio
- 14.5
- 5-Yr Total Return
- -21%
- 52-Week Range
- $75.70 – $133.76
- Dividend Safety
- A · 85/100
- Ever Cut?
- Yes (2008)
Frequently Asked Questions
LEN Price — Last 12 Months
Daily close
Price Return
1 Year
-38%
3 Years
-26%
5 Years
-21%
52-Week Range
$75.70 – $133.76
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is LEN worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Lennar Corporation is $63.14 per share, versus a market price of $76.43. That implies 17% of downside.
Fair Value
$63.14
Current Price
$76.43
Downside
-17%
Margin of Safety
-21%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -4.8% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 11.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $5.28 EPS, $2.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
LEN Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 10, 2026 | — | $0.5000 | regular |
| Apr 22, 2026 | — | $0.5000 | regular |
| Feb 4, 2026 | — | $0.5000 | regular |
| Oct 10, 2025 | — | $0.5000 | regular |
| Jul 3, 2025 | — | $0.5000 | regular |
| Apr 23, 2025 | — | $0.5000 | regular |
| Jan 29, 2025 | — | $0.5000 | regular |
| Oct 9, 2024 | — | $0.4840 | regular |
| Jul 5, 2024 | — | $0.4840 | regular |
| Apr 23, 2024 | — | $0.4840 | regular |
| Jan 23, 2024 | — | $0.4840 | regular |
| Oct 11, 2023 | — | $0.3630 | regular |
| Jul 6, 2023 | — | $0.3630 | regular |
| Apr 25, 2023 | — | $0.3630 | regular |
Income Calculator
At $2.00 / yr per share
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