Bellway plc has announced an interim dividend of 45.0 pence per share (2021 - 35.0p, 2020 - nil), a rise of 28.6%. The Board anticipates that the dividend cover will be 3 times underlying earnings for the full financial year.
Other financial highlights include:
Revenue rose by 3.5% to £1,780.0 million (2021 - £1,720.5 million, 2020 - £1,541.4 million).
The underlying operating margin improved to 18.7% (2021 - 17.3%, 2020 - 19.3%)
Underlying profit before taxation rose by 8.9% to £327.2 million (2021 - £300.5 million, 2020 - £291.8 million).
