Scottish Daily Mail

Dividend boosted

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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.

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