Taylor Wimpey declare an interim dividend 4.79pence per share

DividendMax Ltd.

Taylor Wimpey declare an interim dividend 4.79pence per share

The Taylor Wimpey Board has declared that a 2023 interim dividend of 4.79 pence per share is to be paid on 17 November 2023 to shareholders on the register at the close of business on 13 October 2023. The dividend will be paid as a cash dividend, and shareholders have the option to reinvest all of their dividend under the Dividend Re-Investment Plan (DRIP).

Other financial highlights include:

Group completions of 5,120 homes (H1 2022: 6,922)

Group operating profit margin of 14.4% (H1 2022: 20.4%), reflecting a lower level of completions and the impact of build cost inflation which was not fully offset by house price inflation for the period

Full year UK completions excluding JVs now expected to be in the range of 10,000 to 10,500, at the upper end of their previous guidance with full year Group operating profit including JVs expected to be between £440 million and £470 million

Ended the period with net cash of £654.9 million (H1 2022: £642.4 million)

Renewed revolving credit facility in July 2023, increasing it to £600 million and extending maturity to July 2028. The new facility includes sustainability linked performance measures

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