Dividend boosted
PERSIMMON vowed to return more money to shareholders after profits jumped 23pc.
The housebuilder said it will hand investors a total of 925p a share, or more than £2.8bn, in the ten years to 2021.
That is 49pc more than the 620p a share suggested in 2012 when the so-called ‘capital return plan’ was announced. The latest boost for investors came as the firm reported an increase in full-year profits to £774.8m. Revenues rose 8pc to £3.1bn.
Shares rose 0.25pc, or 5p, to 2030p, and are just below their pre-referendum level of 2098p after diving to 1289p after the Brexit vote.