Meritage Homes Plans To Increase Programmatic Share Repurchase Commitment And Repurchase $100M In Shares Per Quarter Next Year

Meritage Homes Corporation (NYSE:MTH, "Meritage" or the "Company"))), the fifth-largest homebuilder in the U.S., today announced that its Board of Directors has declared a quarterly dividend of $0.43 per share. This dividend is payable on December 31, 2025 to shareholders of record as of the close of trading on December 17, 2025.

As of November 20, 2025, Meritage has repurchased $128 million of shares in the fourth quarter and $273 million of shares on a year to date basis. There is $536 million remaining under the current authorization program. Meritage expects to complete the fourth quarter with $150 million of total repurchases.

"In light of current market conditions, we have adjusted our capital allocation plan for 2026. Assuming no material additional market dynamic shifts, we plan to increase our programmatic share repurchase commitment and repurchase $100 million in shares per quarter next year as we expect reduced land acquisition and development spend," said Phillippe Lord, chief executive officer of Meritage Homes.