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
3 top dividend stocks for 2022
Investing Articles
7.7%+ yields! 3 of the best dividend stocks to buy for 2022
Investing Articles
2 top income stocks in the booming property sector
Investing Articles
5 dividend shares to buy to profit from the UK’s housing boom
Investing Articles
What’s going on with the Persimmon (PSN) share price?
Investing Articles
2 cheap FTSE 100 stocks with BIG dividends to buy!
Investing Articles
9% dividend yield! 2 FTSE 100 shares I think could jump in November
Investing Articles
3 UK shares that might gain from the Chancellor’s Budget
Investing Articles
£2,000 to invest? A 9.2%-yielding FTSE 100 stock to buy right now
Investing Articles
8.5%+ yields! Are these the best FTSE100 dividend stocks to buy?
