
Lennar Corporation
LENConsumer Cyclical · Residential Construction · Stock · quarterly payer
Forward Yield
2.67%
Annual Dividend
$2.00
Payout Ratio
38%
5-Yr Growth
32.8%
Ex-Date
Oct 7, 2026
Frequency
Quarterly
Key facts about LEN's dividend
Data as of · Source: SmarterDividends data
- As of Oct 15, 2026, Lennar Corporation (LEN) has a forward dividend yield of 2.67%, based on an annual dividend of $2.00 per share and a share price of $73.53.
- As of Oct 15, 2026, LEN's dividend safety grade from SmarterDividends is A (87 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Lennar Corporation (LEN) has raised its dividend for 2 consecutive years as of Oct 15, 2026.
- LEN last cut its regular dividend in 2008.
- LEN's most recent ex-dividend date was Oct 7, 2026, for a dividend of $0.50 per share.
- As of Oct 15, 2026, LEN pays out 38% of its trailing 12-month earnings as dividends (its payout ratio).
- LEN's dividend has grown at an average rate of 32.8% a year over the past five years.
- As of Oct 15, 2026, LEN's 2.67% yield is 90% above its five-year average yield of 1.40%.
- As of Oct 15, 2026, SmarterDividends' blended fair-value estimate for LEN is $77.58 per share, 6% above the $73.53 share price, so LEN screens as fairly valued.
- Lennar Corporation (LEN) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "LEN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 15, 2026, https://smarterdividends.com/stocks/LEN
Summary
As of Oct 15, 2026, Lennar Corporation (LEN) yields 2.67% ($2.00 a year per share), has a dividend safety grade of A (87/100) and has 2 consecutive years of dividend increases on record.
Is LEN a good dividend stock?
YesLennar Corporation (LEN) pays a quarterly dividend yielding 2.67% ($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
- 2.67%
- Payout Ratio
- 38%
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- 32.8%
- Ex-Dividend Date
- Oct 7, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.38
- Market Cap
- $17.5B
- P/E Ratio
- 13.9
- 5-Yr Total Return
- -21%
- 52-Week Range
- $73.75 – $133.76
- Dividend Safety
- A · 87/100
- Ever Cut?
- Yes (2008)
Frequently Asked Questions
Is LEN a good dividend stock?
Yes. Lennar Corporation (LEN) pays a quarterly dividend yielding 2.67% ($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.
Is LEN undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, LEN's fair value is about $77.58 versus a $73.53 share price — so it looks fairly valued (+6% vs. fair value).
Is LEN's dividend safe?
LEN has a dividend-safety grade of A (87/100), based on its payout coverage, free-cash-flow, 2-year growth streak, a dividend cut in 2008, debt and yield-versus-history.
What is LEN's fair value?
Our blended fair-value estimate for LEN is about $77.58 per share, roughly 6% above the current $73.53 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is LEN a buy, hold, or sell?
We don't issue formal ratings, but on the data LEN screens as "yes" and fairly valued. Lennar Corporation (LEN) pays a quarterly dividend yielding 2.67% ($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. This is research for your own analysis, not investment advice.
Will LEN cut its dividend?
LEN earns a dividend-safety grade of A (87/100), and has cut its dividend before (last in 2008). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does LEN pay a dividend?
Yes. Lennar Corporation pays a quarterly dividend of about $2.00 per share annually, a forward yield of roughly 2.67%.
What is LEN's dividend yield?
As of Oct 15, 2026, LEN's forward dividend yield is 2.67%, based on a $2.00 annual dividend and a $73.53 share price.
What is LEN's dividend per share?
As of Oct 15, 2026, LEN pays $2.00 per share per year, distributed on a quarterly basis.
What is LEN's dividend payout ratio?
As of Oct 15, 2026, LEN's payout ratio is 38% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has LEN grown its dividend?
As of Oct 15, 2026, LEN has increased its dividend for 2 consecutive years.
When is the next LEN ex-dividend date?
As of Oct 15, 2026, LEN's next ex-dividend date hasn't been announced. The most recent was Oct 7, 2026, for $0.50 per share.
LEN Price — Last 12 Months
Daily close
Price Return
1 Year
-38%
3 Years
-26%
5 Years
-21%
52-Week Range
$73.75 – $133.76
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is LEN worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Lennar Corporation is $77.58 per share, versus a market price of $73.53. That implies the stock is roughly fairly priced.
Fair Value
$77.58
Current Price
$73.53
Gap
+6%
Margin of Safety
5%
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 -3.5% annual free-cash-flow growth. We model 0.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 11.2% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $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
Full LEN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 7, 2026 | Oct 22, 2026 | $0.5000 | regular |
| Jul 10, 2026 | Jul 24, 2026 | $0.5000 | regular |
| Apr 22, 2026 | May 6, 2026 | $0.5000 | regular |
| Feb 4, 2026 | Feb 19, 2026 | $0.5000 | regular |
| Oct 10, 2025 | Oct 27, 2025 | $0.5000 | regular |
| Jul 3, 2025 | Jul 18, 2025 | $0.5000 | regular |
| Apr 23, 2025 | May 7, 2025 | $0.5000 | regular |
| Jan 29, 2025 | Feb 12, 2025 | $0.5000 | regular |
| Oct 9, 2024 | Oct 24, 2024 | $0.4840 | regular |
| Jul 5, 2024 | Jul 19, 2024 | $0.4840 | regular |
| Apr 23, 2024 | May 8, 2024 | $0.4840 | regular |
| Jan 23, 2024 | Feb 7, 2024 | $0.4840 | regular |
| Oct 11, 2023 | Oct 26, 2023 | $0.3630 | regular |
| Jul 6, 2023 | Jul 21, 2023 | $0.3630 | regular |
Income Calculator
At $2.00 / yr per share
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