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Lennar Increases Annual Dividend to $0.55 Per Share

MIAMI, Sept. 21 /PRNewswire-FirstCall/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced that its Board of Directors voted to increase the annual dividend rate paid with regard to its Class A and Class B common stock to $0.55 per share per year, and declared its first $0.1375 quarterly cash dividend. The dividends are payable on November 15, 2004 to holders of record on November 5, 2004. Previously, Lennar paid dividends on its Class A and Class B common stock at the rate of $0.50 per share per year.

Full Article: http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=len&script=410&layout=0&item_id=617429


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