Meritage Corporation

Meritage Homes Corporation announced that its Board of Directors has declared a quarterly dividend of $0.48 per share. The dividend is payable on September 30, 2026 to shareholders of record as of the close of trading on September 15, 2026. Meritage is the fifth-largest public homebuilder in the United States, based on homes closed in 2025.

Shares of Meritage Homes and PulteGroup surged in afternoon trading after both chambers of Congress passed the bipartisan 21st Century ROAD to Housing Act, the most significant federal housing-supply legislation since 1990. The bill aims to boost supply by cutting red tape, streamlining environmental reviews, modernizing manufactured-housing rules, and barring institutional owners of 350-plus single-family homes from buying more existing homes. Meritage Homes jumped 9.3% and PulteGroup rose 7.8%, while peer KB Home reported a second-quarter revenue beat of $1.11 billion against a $1.10 billion consensus, with the 10-year Treasury yield dropping below 4.5%. The legislation is seen as a multi-year volume driver for builders, lowering construction costs and friction, and the 350-home cap is expected to shift demand toward new construction. The House also stripped a seven-year forced-sale rule on build-to-rent homes that the National Association of Home Builders warned could cut single-family output by about 40,000 units a year.