LEN · Earnings call · 2026Q3T · Full report

Capital Return Program

LENNAR CORP /NEW/ · 2026-09-16 · Importance 32 · Surprise 24

During Q3, Lennar used cash to redeem $400 million of senior notes that matured June 1. The company repurchased 3 million shares for $256 million and paid $119 million in dividends. Management said it expects to balance debt reduction, buybacks and dividends in future capital allocation, while remaining opportunistic with repurchases.

Key facts

• Lennar paid down $400 million of senior debt, repurchased 3 million shares for $256 million, and paid $119 million in dividends during the quarter.
• Lennar repurchased 3 million shares for $256 million and paid dividends totaling $119 million during the quarter.
• Management said Lennar would continue balancing debt reduction, share buybacks, and dividends as uses of capital.
• Management said Lennar continued buying shares during the quarter as its stock price declined and described the company stock as being on sale.