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The preceding Performance Graph and related information shall not be deemed to be “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any filing under the Securities Act or the Exchange Act, each as amended, except to the extent that we specifically incorporate it by reference into such filing.
−Removed: Our Board declared a two-for-one stock split (the "Stock Split") of Meritage’s common stock in the form of a stock dividend for shareholders of record at the close of business on December 31, 2024.
−Removed: Shareholders received one additional share of common stock for each share of common stock held, payable after the close of market on January 2, 2025.
−Removed: Trading began on a split-adjusted basis on January 3, 2025.
−Removed: All share and per share amounts in this Annual Report on Form 10-K have been retroactively adjusted to reflect the Stock Split for all periods presented, inclusive of dividends and share repurchases.
−Removed: In 2023, our Board approved the initiation of a recurring quarterly cash dividend on our common stock, and we paid quarterly cash dividends of $0.135 per share, for a total of $0.54 per share during the year ended December 31, 2023.
−Removed: In 2024, the Board increased the quarterly cash dividend to $0.375 per share, and we paid quarterly cash dividends of $0.375 per share, for a total of $1.50 per share during the year ended December 31, 2024.
+Added: During the year ended December 31, 2025, the Board approved, and we paid, quarterly cash dividends of $0.43 per share, for a total of $1.72 per share.
We intend to continue the payment of quarterly cash dividends and the amount will be reviewed and assessed in the first quarter of each year.
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Issuer Purchases of Equity Securities
−Removed: On February 13, 2019, our Board of Directors authorized a new stock repurchase program, authorizing the expenditure of up to $100.0 million to repurchase shares of our common stock.
−Removed: On November 13, 2020, the Board of Directors authorized the expenditure of an additional $100.0 million to repurchase shares of our common stock under this program.
−Removed: On August 12, 2021, the Board of Directors authorized the expenditure of an additional $100.0 million to repurchase shares of our common stock under this program, which was announced on August 17, 2021.
−Removed: On May 19, 2022, the Board of Directors authorized the expenditure of an additional $200.0 million to repurchase shares of our common stock under this program, which was announced on May 25, 2022.
−Removed: On November 21, 2024, the Board of Directors authorized the expenditure of an additional $250.0 million to repurchase shares of our common stock under this program, which was announced on November 21, 2024.
+Added: Our Board of Directors authorized a stock repurchase program in 2019, and has subsequently authorized additional expenditures under the program, summarized in the table below.
+Added: Date authorized Date announced Amount authorized
+Added: February 13, 2019 April 29, 2019 $ 100,000,000
+Added: November 13, 2020 January 27, 2021 $ 100,000,000
+Added: August 12, 2021 August 17, 2021 $ 100,000,000
+Added: May 19, 2022 May 25, 2022 $ 200,000,000
+Added: November 21, 2024 November 21, 2024 $ 250,000,000
+Added: August 21, 2025 August 21, 2025 $ 500,000,000
There is no stated expiration for this program.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.