Redrow increases its 2017 full year dividend by 70%

DividendMax Ltd.

Redrow increases its 2017 full year dividend by 70%

Redrow 2017 final results

Group revenue up 20% to a record £1.66bn driven by higher legal completions and a 7% increase in Average Selling Price to £309,800

Operating margin rose to 19.4% (2016: 18.9%)

Record pre-tax profit of £315m, up 26% (2016: £250m)

Earnings per share up 27% to 70.2p

Record Order Book, up 14% to £1.1bn

Return on Capital Employed up 10% to 26.0% (2016: 23.7%)

Net debt reduced from £139m in June 2016 to £73m in June 2017

Proposed final dividend of 11p per share, making 17p for the full year, up 70%

Companies mentioned