LSE:PSN (Persimmon Plc)
About PSN
Persimmon Plc is the UK's second-largest residential property developer by the number of home completions. The company was founded in 1972 and named after a Derby-winning horse in the 19th century.
It operates under three primary brands, namely Persimmon Homes, Charles Church, and Westbury Partnerships. Rather than targeting the high-end luxury housing market, Persimmon caters to the lower-priced segment of the new build market. As such, most of its customers are typically first-time homebuyers.
Beyond home construction, the group also operates three off-site manufacturing facilities making it a vertically integrated business. Its subsidiaries, Tileworks, Brickworks, FibreNest, and Space4, manufacture and supply all the construction materials needed for its properties.
Frequently Asked Questions
-
Investing in homebuilder shares has long been a popular method to tap into the real estate market. And with housing demand in the United Kingdom continuing to rise, many investors have seen impressive capital gains as well as dividends.
However, it’s important to remember that cash flow is ultimately tied to the state of the housing market, which has a reputation for being cyclical. When another slowdown occurs, the impressive returns seen to date by the PSN share price could become compromised.
-
Yes. Persimmon shares pay a cash dividend at an average 101% payout ratio. Dividends were temporarily delayed in early 2020 but were resumed before the end of the year.
-
Persimmon shares pay out a dividend twice a year, in March and June.
-
Persimmon shares are listed on the London Stock Exchange. They can be bought from any investment account that provides access to this exchange platform.
Persimmon Plc (LSE: PSN) Latest News
Investing Articles
Stocks to buy in the housebuilding sector
Investing Articles
5.9% dividend yield! Should I buy Persimmon shares for passive income in 2023?
Investing Articles
2 FTSE 100 shares to buy now at 52-week lows
Investing Articles
After another dive, do I sell my Persimmon shares?
Investing Articles
Earnings: why Persimmon shares plunged today
Investing Articles
This UK stock has crashed 10% today. Should I buy more?
Investing Articles
Is the Persimmon share price a bargain hiding in plain sight?
Investing Articles
3 FTSE 100 stocks I’ll be watching like a hawk in March
Investing Articles
2 FTSE 100 dividend stocks I’m considering buying more of!
Investing Articles
When dividend investing goes badly wrong!
Investing Articles
2 cheap shares I’d buy as the FTSE 100 hovers around 8,000 points
