Taylor Wimpey PLC announce a 2021 interim dividend to be paid in November 2021 of 4.14 pence per share amounting to c.£151 million in total in line with their Ordinary Dividend Policy to return c.7.5% of net assets to shareholders annually in two equal payments.
Other financial highlights include:
Group completions of 7,303 homes (H1 2020: 2,771) excluding joint ventures, a record first half performance, partly due to the delayed Q4 2020 completions
Strong margin performance with first half Group operating profit margin of 19.3% (H1 2020: (2.1)%; H1 2019: 18.0%), as a result of their strong cost and price discipline throughout the business and benefiting from increased completions
Net cash of £906.5 million, due to timing of land payments
Acted decisively in March 2021, to announce a new cladding fire safety provision of £125 million to make apartment buildings safe and mortgageable up to EWS1 (External Wall Fire Review) guidance
