MIAMI, June 28 /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 $0.1375
per share for both Class A and Class B common stock payable on August 15, 2005
to holders of record at the close of business on August 5, 2005.
Lennar Corporation, founded in 1954, is headquartered in Miami, Florida
and is one of the nation's leading builders of quality homes for all
generations, building affordable, move-up and retirement homes. The Company
operates primarily under the Lennar and U.S. Home brand names and utilizes a
Dual Marketing strategy consisting of the Everything's Included(R) and Design
Studio(SM) programs. Lennar's Financial Services Division provides mortgage
financing, title insurance, closing services and insurance agency services for
both buyers of the Company's homes and others. Its Strategic Technologies
Division provides high-speed Internet and cable television services to
residents of the Company's communities and others. Previous press releases may
be obtained at 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. These forward-looking statements include statements
regarding our business, financial condition, results of operations, cash
flows, strategies and prospects. 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" included
in our Annual Report on Form 10-K for our fiscal year ended November 30, 2004,
and in our other filings with the Securities and Exchange Commission. We do
not undertake any obligation 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:
Marshall Ames, Investor Relations, Lennar
Corporation, +1-305-485-2092
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