LEN (Lennar) Dividend Payout Ratio: 0.57 (As of Feb. 2026) — 613% Above Median

Lennar LEN +0.98% 75 Dividend Payout Ratio is 0.57 as of Feb. 2026, which is 613% above its 10-year median of 0.08. GuruFocus rates LEN with a GF Score™ of 75/100 and a GF Value™ of $126.26 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 51 Homebuilding & Construction companies, Lennar ranks better than 58.82% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Lennar's Dividend Payout Ratio for the months ended in Feb. 2026 was 0.57.

The historical rank and industry rank for Lennar's Dividend Payout Ratio or its related term are showing as below:

LEN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.08 Max: 0.33
Current: 0.33

During the past 13 years, the highest Dividend Payout Ratio of Lennar was 0.33. The lowest was 0.03. And the median was 0.08.

LEN's Dividend Payout Ratio is ranked better than
58.82% of 51 companies
in the Homebuilding & Construction industry
Industry Median: 0.39 vs LEN: 0.33

As of today (2026-06-26), the Dividend Yield % of Lennar is 2.14%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Lennar was 2.43%. The lowest was 0.23%. And the median was 0.92%.

Lennar's Dividends per Share for the months ended in Feb. 2026 was $0.50.

During the past 3 years, the average Dividends Per Share Growth Rate was 10.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 25.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 38.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Lennar was 194.30% per year. The lowest was -37.00% per year. And the median was 0.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Lennar (NYSE:LEN) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Lennar Dividend Payout Ratio Related Terms

Lennar Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Lennar's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lennar Dividend Payout Ratio Chart

Lennar Annual Data

Trend

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Nov24

Nov25

Dividend Payout Ratio

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0.08

0.11

0.14

0.25

Lennar Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26	May26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.26	0.25	0.25	0.57	0.40

LEN vs PHM, NVR, TOL: Dividend Payout Ratio Comparison

For the Residential Construction subindustry, Lennar's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lennar Dividend Payout Ratio vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Lennar's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Lennar's Dividend Payout Ratio falls into.

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Lennar Corp LEN

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Lennar Dividend Payout Ratio Calculation

Lennar's Dividend Payout Ratio for the fiscal year that ended in Nov. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Nov. 2025 )	/	EPS without NRI (A: Nov. 2025 )
	=	2	/	8.06
	=	0.25

Lennar's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Feb. 2026 )	/	EPS without NRI (Q: Feb. 2026 )
	=	0.5	/	0.883
	=	0.57

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.57 mean?

Lennar (LEN) has a Dividend Payout Ratio of 0.57 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Lennar and its competitors. This is 613% above median its historical median of 0.08. Over the past decade, Lennar's Dividend Payout Ratio has ranged from 0.03 to 0.33. According to the industry distribution chart, Lennar ranks #21 out of 51 companies in the Homebuilding & Construction industry, placing it in the top 41.2%.

Is Lennar's Dividend Payout Ratio too high?

Lennar's current Dividend Payout Ratio of 0.57 is 613% above median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.33. The Homebuilding & Construction industry median Dividend Payout Ratio is 0.39. Lennar's value of 0.57 is 46.2% above this industry median. Based on the distribution chart, Lennar ranks #21 out of 51 companies in the Homebuilding & Construction industry, which is above the industry midpoint. Overall, Lennar has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Lennar's Dividend Payout Ratio compare to PHM and NVR?

According to the Homebuilding & Construction industry distribution chart, Lennar ranks #21 out of 51 companies for Dividend Payout Ratio. This puts Lennar in the upper half of its industry. The industry median Dividend Payout Ratio is 0.39. Lennar's value of 0.57 is 46.2% above this benchmark. Historically, Lennar's own Dividend Payout Ratio has ranged from 0.03 to 0.33 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.39, Lennar has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Homebuilding & Construction company?

The median Dividend Payout Ratio among Homebuilding & Construction companies is 0.39, based on 51 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lennar's current Dividend Payout Ratio of 0.57 is 46.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Lennar and its competitors. For the Homebuilding & Construction industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lennar's current Dividend Payout Ratio is 0.57, which is 613% above median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Lennar stock overvalued right now?

Based on GuruFocus' analysis, Lennar (LEN) is currently considered Modestly Undervalued. The stock's GF Value™ is $126.26, compared to a current price of $93.86 — trading 25.7% below its estimated fair value. The current Dividend Payout Ratio is 0.57, which is 613% above median its 10-year median of 0.08 and 46.2% above the Homebuilding & Construction industry median of 0.39. Lennar's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Lennar (LEN), the current Dividend Payout Ratio is 0.57 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lennar (LEN) Overvalued in 2026?

Based on GuruFocus' analysis, Lennar stock appears to be undervalued. The current stock price of $93.86 is trading 25.7% below its estimated GF Value™ of $126.26. GuruFocus considers Lennar to be Modestly Undervalued.

Key valuation signals for LEN:

Dividend Payout Ratio: 0.57 (613% above median its 10-year median of 0.08)
GF Value™: $126.26 vs. price of $93.86 (25.7% below fair value)
GF Score™: 75/100 with 6 warning signs
Industry Position: 46.2% above the Homebuilding & Construction median (#21 of 51)

No single metric tells the full story. See the LEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lennar Business Description

Industry Consumer Cyclical Homebuilding & Construction

Comparable Companies PHM NVR TOL IBP TMHC MTH CVCO SKY MHO KBH DHI TSE:1928 TSE:1911 LSE:BTRW LSE:PSN TSE:1808 LSE:BKG LSE:TW.TSE:3291 XTAE:DIMRI

Other Exchanges LEN.B:USA LEN:Mexico 1LEN:Italy 0JU0:UK LNN:Germany L1EN34:Brazil

Address 5505 Waterford District Drive, Miami, FL, USA, 33126

Website https://www.lennar.com

Lennar is the second-largest public homebuilder in the United States, behind D.R. Horton, operating in 26 states. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily construction and has invested in numerous housing-related technology startups.

75GF Score

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$93.86

Price

$126.26

GF Value

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