04:10 AM EST, 11/22/2024 (MT Newswires) -- Meritage Homes ( MTH ) said late Thursday it has approved a $250 million increase to its share repurchase authorization.

"This increase combined with $15 million in systematic buybacks on a quarter to date basis brings the company's total authorized share repurchase program to $334 million as of November 21, 2024," it said.

Meritage Homes ( MTH ) also maintained a quarterly dividend of $0.75 per share, payable Dec. 31 to shareholders of record as of Dec. 17.