Lennar dividend history

Lennar paid $521m in dividends in fiscal 2025. That was 25.1% of net income.

Dividends, buybacks and capital spending

FY2026 Q3 TTM

Buybacks (TTM): $993M
Dividends (TTM): $493M
Returned to shareholders: 183%; of free cash flow
Buybacks, last 3 fiscal years: $5.2B
Diluted share count: −6.7%; year over year
Total shareholder yield: 6.9%; dividends 2.3% + buybacks 4.6% of market value
Dividend payout ratio: 38%; of net income paid out
Sales & admin spending: 8.5%; of revenue

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Lennar: dividends by fiscal year, annual
Fiscal year	2009Nov 2009	2010Nov 2010	2011Nov 2011	2012Nov 2012	2013Nov 2013	2014Nov 2014	2015Nov 2015	2016Nov 2016	2017Nov 2017	2018Nov 2018	2019Nov 2019	2020Nov 2020	2021Nov 2021	2022Nov 2022	2023Nov 2023	2024Nov 2024	2025Nov 2025	LTMAug 2026
Dividends paid	28	30	30	30	31	33	33	35	38	49	51	195	310	438	431	549	521	493
Share buybacks	2	2	6	17	12	20	23	20	27	300	523	322	1,430	1,039	1,183	2,256	1,808	993
Dividends ÷ net income	—	31.0%	32.4%	4.5%	6.4%	5.1%	4.1%	3.9%	4.6%	2.9%	2.8%	7.9%	7.0%	9.5%	10.9%	14.0%	25.1%	37.6%
Dividends ÷ free cash flow	—	—	—	—	—	—	—	8.2%	4.3%	3.1%	3.7%	4.7%	12.6%	13.7%	8.5%	24.6%	>999%	60.7%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

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Figures from Lennar's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Lennar.