MIAMI, March 30 /PRNewswire-FirstCall/ -- Lennar Corporation
(NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced
that its Board of Directors has declared a quarterly cash dividend of $0.16
per share for both Class A and Class B common stock payable on May 15, 2006 to
holders of record at the close of business on May 5, 2006.
Lennar Corporation, founded in 1954, is one of the nation's leading
builders of quality homes for all generations. The Company builds affordable,
move-up and retirement homes primarily under the Lennar and U.S. Home brand
names. Lennar's Financial Services Division provides primarily mortgage
financing, title insurance and closing services for both buyers of the
Company's homes and others. Previous press releases and further information
about the Company may be obtained at the "Investor Relations" section of the
Company's website, http://www.lennar.com .
Some of the statements in this press release are "forward-looking
statements," as that term is defined in the Private Securities Litigation
Reform Act of 1995. You can identify forward-looking statements by the fact
that these statements do not relate strictly to historical or current matters.
Rather, forward-looking statements relate to anticipated or expected events,
activities, trends or results. Because forward-looking statements relate to
matters that have not yet occurred, these statements are inherently subject to
risks and uncertainties. Many factors could cause our actual activities or
results to differ materially from the activities and results anticipated in
forward-looking statements. These factors include those described under the
caption "Risk Factors Relating to Our Business" in Item 1A of our Annual
Report on Form 10-K for our fiscal year ended November 30, 2005. We do not
undertake any obligation or duty to update forward-looking statements.
SOURCE Lennar Corporation
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Related links:
http://www.lennar.com
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Company News On-Call:
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CONTACT:
Investor Relations, Marshall Ames, Lennar
Corporation, +1-305-485-2092
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