Maintaining its commitment to boost stockholder returns, Lennar Corporation (LEN) announced a hike in dividend payout. This hike is reflective of the homebuilder’s focus on operational excellence, land strategy and cash flow.The company increased its quarterly dividend by 33.3% to 50 cents per share ($2 annually) from 37.5 cents ($1.50 annually). This new dividend, approved by the board of directors, will be paid on Feb 7, 2024, to its stockholders of record as of Jan 24. The dividend yield, based on the la ...