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Bellway increases its 2018 full year dividend by 17.2%

Investment Tools Ltd.
Bellway increases its 2018 full year dividend by 17.2%

Bellway 2018 final results

Robust results and a strong balance sheet

Bellway exceeded the 10,000 homes barrier for the first time in its history, growing volume by 6.9% and completing the sale of 10,307 new homes (2017 - 9,644).

Return on capital employed ('RoCE') remained high at 27.2% (2017 - 27.6%).

A robust trading performance and ongoing focus on growth resulted in earnings per share rising by 14.2% to 423.4p (2017 - 370.6p), a record for the Group.

The substantial growth in earnings facilitated a 17.2% rise in the proposed total dividend per share to 143.0p (2017 - 122.0p), providing further returns for shareholders.

A strong balance sheet, with net cash of £99.0 million (2017 - £16.0 million), ensures that Bellway remains agile and is able to respond positively to new opportunities.

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