Lennar (LEN) Cuts Qtr. Dividend 75% to $0.04/Share
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Late yesterday, Lennar Corporation (NYSE: LEN) announced that its Board approved a 75% reduction in its quarterly dividend from $0.16 to $0.04 per common share, on November 13, 2008 to holders of record at the close of business on October 23, 2008.
Lennar Corporation operates as a homebuilder in the United States.
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