Lennar Stock Pops on Hiked Dividend, Buyback Program
LENLennar(LEN) Schaeffers Research·2024-01-10 23:43

Lennar Corp (NYSE:LEN) lifted its annual dividend to 2persharefrom2 per share from 1.50, and also raised its stock buyback program by 5billion.LENwaslastseenup3.65 billion. LEN was last seen up 3.6% to trade at 153.56, and earlier came even closer to its Dec. 15 all-time high of 156,afterstagingabounceoffthe156, after staging a bounce off the 144 level last week. Over the past 12 months, the security added almost 60%. The options pits are seeing increased bullish activity in response. So far today, 2,350 calls have been traded, or double the intraday average amount. Mos ...