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Taylor Wimpey Half Yearly Report.
Posted: July 31st, 2019, 7:28 am
by idpickering
Group financial highlights:
· Completed a Group total of 6,541 homes (H1 2018: 6,497), excluding joint ventures
· Operating profit* of £311.9 million (H1 2018: £344.3 million), reflecting higher build costs and geographic mix, partly offset by higher volumes, delivering an operating profit margin of 18.0% (H1 2018: 20.0%)
· Profit before tax of £299.8 million (H1 2018: £301.0 million)
· Net cash‡ of £392.0 million as at 30 June 2019 (1 July 2018: £525.1 million), due to timing of land payments and investment in work in progress, reflecting the increased order book
· 2019 full year results expected to be in line with expectations
And later;
Dividends
· Interim ordinary dividend of 3.84 pence per share (H1 2018: 2.44 pence per share) to be paid in November 2019, bringing 2019 total dividends in the year to c.£600 million or c.18.34 pence per share (2018 total: £500 million)
· 2020 special dividend announced of £360 million (c.11.0 pence per share) to be paid in July 2020 subject to shareholder approval (2019: c.£350 million or 10.7 pence per share)
o 2020 total dividends expected to be c.£610 million or c.18.6 pence per share
https://www.investegate.co.uk/taylor-wi ... 00122785H/
Re: Taylor Wimpey Half Yearly Report.
Posted: July 31st, 2019, 7:58 am
by monabri
That's a heck of an increase in the interim dividend..up 57%.
Re: Taylor Wimpey Half Yearly Report.
Posted: July 31st, 2019, 8:24 am
by PinkDalek
monabri wrote:That's a heck of an increase in the interim dividend..up 57%.
Yes but it was anticipated.
The Taylor Wimpey plc Full year results
viewtopic.php?f=15&t=16473&p=204148&hilit=taylor+wimpey#top contained:
As previously announced, commencing in 2019, subject to shareholder approval at the 2019 AGM scheduled for 25 April 2019, we intend to pay an enhanced ordinary dividend of £250 million per annum (c.7.6 pence) on an annual basis through the cycle (2018: £160 million), including during a 'normal' downturn.
Re: Taylor Wimpey Half Yearly Report.
Posted: July 31st, 2019, 12:10 pm
by kempiejon
monabri wrote:That's a heck of an increase in the interim dividend..up 57%.
Indeed. I'm away from my spreadsheet today but I'll check later as I expect that puts TW. as my largest income stream - not so large for me to do anything about it but exclude additional money. Divienddata shows a 5 year 60% CAGR in dividends - but that excludes specials.
https://www.dividenddata.co.uk/dividend ... py?epic=TW. It's currently on a very attractive 10% yield - or is that too much for some?
Re: Taylor Wimpey Half Yearly Report.
Posted: July 31st, 2019, 1:13 pm
by spiderbill
Topped up with some accumulated dividends the other day. Today's price fall is a little unfortunate, just when sentiment had seemed to be turning positive, but the dividend increases are very welcome indeed.
Now if only I'd bought them 6 years ago instead of Centrica...