Lennar Stock To Go Ex-dividend Monday (LEN)

NEW YORK ( TheStreet) -- The ex-dividend date for Lennar Corporation (NYSE: LEN) is Monday, April 23, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $24.97 as of 9:30 a.m. ET, the dividend yield is 0.6%.

The average volume for Lennar has been 6.6 million shares per day over the past 30 days. Lennar has a market cap of $4.17 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 26.5% year to date as of the close of trading on Thursday.

Lennar Corporation, together with its subsidiaries, engages in homebuilding, financial services, and real estate businesses in the United States. The company has a P/E ratio of 60.8, below the average materials & construction industry P/E ratio of 64.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Lennar as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and weak operating cash flow. You can view the full Lennar Ratings Report.

See our dividend calendar or top-yielding stocks list.

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