Taylor Wimpey Trading Statement

[idpickering]

See; viewtopic.php?p=277224#p277224

[idpickering]

From the above, the important bit for we HYPers is here;

Group financial performance and dividend

We will report full year 2019 results in line with our expectations, delivering an operating profit** margin of c.19.6% (2018: 21.6%), as previously guided, and a return on net operating assets*** of c.31% (2018: 33.4%).

We ended the year with a strong net cash balance of c.£546 million (31 December 2018: £644.1 million net cash), ahead of expectations, due to the timing of certain land investments. This is after the payment of c.£600 million of dividends to shareholders in 2019 (2018: £499.5 million).

We remain a very cash generative business and, as previously announced, intend to return £610 million to shareholders by way of total dividend in 2020, subject to shareholder approval.

https://www.investegate.co.uk/taylor-wi ... 00056661Z/

I hold TW. in my HYP, and am happy to continue holding. I've topped up twice in the last year, and they make up 3.6% in capital value terms of my 29 share HYP.

Ian.