MIAMI, Sept. 27 /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 November 15,
2007 to holders of record at the close of business on November 5, 2007.
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 brand
name. Lennar's Financial Services segment 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. These forward-looking statements may 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" in
Item 1A of our Annual Report on Form 10-K for our fiscal year ended
November 30, 2006. 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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CONTACT:
Scott Shipley, Investor Relations of Lennar
Corporation, +1-305-485-2054
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