Company: LEN
Filing Date: 2025-07-01
Form Type: 10-Q
Source: 0001628280-25-033777
Chunk: 26

Company: LENNAR CORP /NEW/
Filing Date: 2025-07-01
Form: 10-Q
Item: Item 1
Chunk 26
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— 1,212 (85,879)— — — Purchases of treasury stock(1,118,827)— — — (1,118,827)— — — Amortization of restricted stock122,186 — — 122,186 — — — — Cash dividends(278,318)— — — — — (278,318)— Receipts related to noncontrolling interests14,722 — — — — — — 14,722 Payments related to noncontrolling interests(26,646)— — — — — — (26,646)Non-cash purchase or activity of noncontrolling interests, net2,965 — — (18,674)— — — 21,639 Total other comprehensive income, net of tax1,717 — — — — 1,717 — — Balance at May 31, 2024$27,015,753 25,996 3,660 5,674,733 (2,597,806)6,596 23,764,695 137,879 On June 19, 2025, the Company's Board of Directors declared a quarterly cash dividend of $0.50 per share on both its Class A and Class B common stock, payable on July 18, 2025 to holders of record at the close of business on July 3, 2025. On May 7, 2025, the Company paid a quarterly cash dividend of 0.50 per share for both of its Class A and Class B common stock to holders of record at the close of business day April 23, 2025. The Company approved and paid cash dividends of $0.50 per share for each of the four quarters of 2024 for both its Class A and Class B common stock. In January 2024, the Company's Board of Directors authorized an increase to its stock repurchase program to enable it to repurchase up to an additional $5 billion in value of its outstanding Class A or Class B common stock. Repurchases are authorized to be made in open-market or private transactions. This authorization was in addition to what was remaining of the Company's March 2022 stock repurchase program. The repurchase authorization has no expiration date. At May 31,