Meritage Homes authorizes share repurchase plan of $15M per quarter

Meritage has instituted a formal share repurchase plan with a minimum buyback commitment of $15M in each quarter of this fiscal year. In January and February 2024, the company has already repurchased its $15M Q1 amount and an additional $41M of shares, leaving a minimum of $45M to be repurchased the rest of the year. Meritage intends to review and renew its share repurchase commitment annually.