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Lennar Corporation Declares Quarterly Dividends
MIAMI, March 29 /PRNewswire-FirstCall/ -- Lennar Corporation (NYSE:LEN
andNYSE:LEN.B), one of the nation's largest homebuilders, announced that its
Board of Directors has declared a quarterly cash dividend of $0.1375 per share
for both Class A and Class B common stock payable on May 16, 2005 to holders of
record at the close of business on May 6, 2005.
Lennar Corporation, founded in 1954, is headquartered in Miami, Florida and is
one of the nation's leading builders of quality homes for all generations,
building affordable, move-up and retirement homes. The Company operates
primarily under the Lennar and U.S. Home brand names and utilizes a Dual
Marketing strategy consisting of the Everything's Included(R) and Design
Studio(SM) programs. Lennar's Financial Services Division provides mortgage
financing, title insurance, closing services and insurance agency services for
both buyers of the Company's homes and others. Its Strategic Technologies
Division provides high-speed Internet and cable television services to
residents of the Company's communities and others. Previous press releases may
be obtained at http://www.lennar.com/.
This press release may include "forward-looking statements," as that term is
defined in the Private Securities Litigation Reform Act of 1995. You can
identify forward-looking statements by the fact that these statements do not
relate strictly to historical or current matters. Rather, forward-looking
statements relate to anticipated or expected events, activities, trends or
results. Because forward-looking statements relate to matters that have not yet
occurred, these statements are inherently subject to risks and uncertainties.
Many factors could cause our actual activities or results to differ materially
from the activities and results anticipated in forward- looking statements.
These factors include those described under the caption "Risk Factors Relating
to Our Business" in Item 1 of our Annual Report on Form 10-K for the fiscal
year ended November 30, 2004. We do not undertake any obligation or duty to
update forward-looking statements to reflect either the occurrence or
non-occurrence of any of the risk factors, or to reflect any other future event
or circumstance.
http://www.newscom.com/cgi-bin/prnh/20040604/LENLOGODATASOURCE: Lennar
Corporation
CONTACT: Marshall Ames, Investor Relations of Lennar Corporation,
+1-305-485-2092
Web site: http://www.lennar.com/
Company News On-Call: http://www.prnewswire.com/comp/507038.html