Meritage Homes Maintains Quarterly Dividend Amid Strong Revenue Projections

Meritage Homes Corporation, the fifth-largest public homebuilder in the U.S., has declared a quarterly dividend of $0.43 per share, yielding approximately 2.66%, payable on June 30, 2025, to shareholders of record by June 16. The company projects strong Q2 2025 performance, expecting to close 4,000 homes and generate $1.6 billion in revenue, despite reporting Q1 earnings slightly below analyst expectations. Meritage Homes is recognized for its energy-efficient, affordable homes and has received multiple U.S. Environmental Protection Agency awards for sustainability and indoor air quality. With nearly 200,000 homes delivered over four decades and operations across multiple states, it holds a significant market position. Analysts have an average price target of $90.98 for the stock, indicating a potential upside of over 40%, and the consensus brokerage rating categorizes it as 'Outperform.' Additionally, the company is considered undervalued based on its strong financials and market capitalization of $4.64 billion.