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
Here’s why Persimmon shares could just be getting started
Investing Articles
How I’d target £17,673 passive income with just £100 a week
Investing Articles
3 reasons why I’ve been buying more Persimmon shares in July
Investing Articles
2 FTSE 100 shares that could rise after the general election
Investing Articles
The Persimmon share price didn’t react well to takeover talk. What should I do?
Investing Articles
3 charts that suggest now could be the time to consider FTSE housebuilders!
Investing Articles
Are Persimmon shares a bargain hiding in plain sight?
Investing Articles
2 FTSE 100 shares investors should consider buying before interest rate cuts
Investing Articles
3 stocks to consider buying before interest rates get slashed
Investing Articles
If interest rate cuts are coming, I think these UK growth stocks could soar!
Investing Articles
The Persimmon share price may be down, but I’m not out!
