08:38 AM EST, 11/25/2024 (MT Newswires) -- Meritage Homes ( MTH ) said Monday it has declared a two-for-one stock split in the form of a stock dividend.

At the close of business on Dec. 31, each shareholder will receive one additional share of common stock for each share of common stock held, payable after the close of the market on Jan. 2, with trading commencing on a split-adjusted basis the following day, the company said.

Shares of the company were up almost 2% in recent Monday premarket activity.