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Taylor Wimpey shares: bad news for dividend investors after H1 payout slashed to just 1.2p each
['Edward Sheldon', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Taylor Wimpey (LSE: TW.)
Weak H1 resultsThe H1 results illustrated the challenges that UK housebuilders are facing right now.
Taylor Wimpey H1 resultsA new dividend policyGiven this weak performance, the company decided to tweak its dividend policy.
An underwhelming yieldNote that for H1, Taylor Wimpey declared a dividend of 1.2p per share (at a cost of £42m to the company) versus 4.67p last year.
In the H1 results, the company said that the board believes that a balanced approach, combining dividends and buybacks, is in shareholders' best interests.