Taylor Wimpey have announced a 2024 interim dividend of 4.80 pence per share (2023: £169 million), in line with their stated Ordinary Dividend Policy to return 7.5% of net assets annually.
Other financial highlights include:
Group completions (incl. JVs) of 4,728 homes (H1 2023: 5,120)
Group operating profit of £182.3 million which includes £18.6 million of profit generated from land sales (H1 2023: Group operating profit of £235.6 million with £2.7 million of profit generated from land sales)
Announced 2024 interim dividend of 4.80 pence per share (H1 2023: 4.79 pence per share) amounting to c.£170 million (H1
Increased cladding fire safety provision by £88.0 million, owing largely to cost inflation on new tenders received and increased project delivery administration costs
Full year UK completions excluding JVs anticipated to be towards the upper end of their previous guidance range of 9,500 to 10,000, with full year Group operating profit including JVs expected to be in line with current market expectations
Ended the period with net cash of £584.0 million (H1 2023: £654.9 million)
