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Redrow increases its 2018 full year dividend by 65%

Investment Tools Ltd.
Redrow increases its 2018 full year dividend by 65%

Redrow 2018 Final results

Group revenue up 16% to a record £1.92bn driven by higher legal completions

and a 7% increase in Average Selling Price to £332,300

Operating margin rose to 19.9% (2017: 19.4%)

Record pre-tax profit of £380m, up 21% (2017: £315m)

Earnings per share up 22% to 85.3p

Return on Capital Employed up 10% to 28.5% (2017: 26.0%)

Positive cash position of £63m at June 2018 (2017: net debt of £73m)

Proposed final dividend of 19p per share, making 28p for the full year, up 65%

Companies mentioned

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