The directors of Galliford Try PLC are recommending a final dividend of 35.0 pence per share which, subject to approval at the AGM, will be paid on 4 December 2019 to shareholders on the register at 8 November 2019. This is in line with their policy of paying a dividend which is 2x covered by earnings. Together with the interim dividend of 23.0 pence per share paid in April, this will result in a total dividend for 2019 of 58.0 pence per share.
Other financial highlights include:
Strong progress against strategic operational targets in all three businesses
Pre-exceptional profit before tax of £155.5m in line with previous guidance
6,507 total new homes built by Linden Homes and Partnerships & Regeneration (2018: 6,193)
Average net debt at £186m (2018: £227m)
Strong sales in hand across Linden Homes and Partnerships of £677m (2018: £698m)
Opportunity to strengthen and advance all three businesses through the potential transaction with Bovis Homes Group PLC
