Lennar Corporation
LEN reported better-than-expected results for its third quarter.
The company posted quarterly earnings of $3.91 per share, which beat the analyst consensus estimate of $3.51. Quarterly sales of $8.73 billion beat the analyst consensus estimate of $8.45 billion, but were down 2.28% from the same period last year.
New orders increased 37% to 19,666 homes, while the new orders dollar value increased 30% to $8.6 billion.
With the buzz around Lennar following quarterly results, some investors may be eyeing potential gains from the company’s dividends. As of now, Lennar offers an annual dividend yield of 1.31%, which is a quarterly dividend amount of $0.375 a share ($1.50 a year).
So, how can investors capitalize on its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $459,040 or around 4,000 shares. For a more modest $100 per month or $1,200 per year, you would need $91,808 or around 800 shares.
