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
Buying 12,676 Taylor Wimpey shares in May would give me a £100 monthly income
Investing Articles
Will the Persimmon dividend grow or shrink?
Investing Articles
Better property stock buy: Persimmon vs Taylor Wimpey
Investing Articles
3 stocks I will ‘never’ sell
Investing Articles
Here’s how much I’d need to invest in Persimmon shares to earn £100 monthly income
Investing Articles
If I’d invested £1,000 in Persimmon shares 2 years ago, here’s what I’d have now!
Investing Articles
3 shares I bought for a second income when I retire
Investing Articles
Persimmon stock: a once-in-a-decade chance to pick up cheap shares?
Investing Articles
Best British dividend shares to buy in April
Investing Articles
Best British value stocks to buy in April
Investing Articles
7.8% dividend yield! Should I buy this cheap FTSE 100 income share?