The ex-dividend date for Lennar Corporation (NYSE:LEN) is tomorrow, October 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $36.71 as of 9:30 a.m., the dividend yield is 0.4%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Lennar Corporation (NYSE: LEN) is tomorrow, October 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 4 cents per share. At a price of $36.71 as of 9:30 a.m. ET, the dividend yield is 0.4%. The average volume for Lennar has been 5.1 million shares per day over the past 30 days. Lennar has a market cap of $5.94 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 87.5% year to date as of the close of trading on Tuesday. 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 13.9, below the average materials & construction industry P/E ratio of 14 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Lennar as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Lennar Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.