The Redrow Plc Board is proposing a final dividend of 20.0p making a total of 30.0p for the year (2022: 32.0p). Subject to shareholder approval at the Annual General Meeting on 10 November 2023, this will be paid on 16 November 2023 to all shareholders on the register at 22 September 2023.
Other financial highlights include:
Revenue in line with the prior year at £2.13bn (2022: £2.14bn)
Underlying profit before tax of £395m (2022: £410m)
Statutory profit before tax of £395m (2022: £246m)
Strong operating cash generation with year end net cash of £235m (2022: £288m) after dividend and £100m share buyback
Underlying Return on Capital Employed of 23.1% (2022: 24.5%)
Founding signatory to the New Homes Code of Practice
Continue to be a 5 star builder and rated excellent on Trustpilot
Air source heat pumps and ground floor underfloor heating as standard in detached homes on new developments
