Redrow have declared an interim dividend of 10.5p, up 5% on the previous year. A dividend of £72m was paid in the six months to 31 December 2019 (six months to 31 December 2018: £70m).
Other financial highlights include:
Group revenue of £870m (2019: £970m) due to the second half weighting of Homes Turnover
First half pre-tax profit of £157m (2019: £185m)
Earnings per share (EPS) of 37.2p (2019: 41.5p)
Return on capital employed of 25% (2019: 28%)
Net cash of £14m (Dec 2018: £101m)
