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Prices & Quotes - UK Markets - Barratt Developments (BDEV)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 713.40p
Change Today:
-5.60p
Market Cap:
7,265m
Sector:
Household Goods & Home Construction

Barratt to restart dividends after strong first half

By Sean Farrell

Date: Friday 08 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Barratt Developments said it planned to restart dividends as the housebuilder reported strong trading in the first half.

Forward sales in the six months to the end of December rose 14.3% to 13,588 homes from a year earlier at a value of 3.2bn - up 19.4%. Barratt said if there is no material change in the market the board expects to resume dividends with its first-half results.

The FTSE 100 company said sales increased in the first half as strong underlying demand combined with pent-up interest in house purchases after the first national lockdown and the introduction of the stamp duty holiday.

Strong demand has left the company with a reduced number of homes to sell in the third quarter and Barratt is relying more than usual on construction activity in the second half.

Chief Executive David Thomas said: "Despite the ongoing challenges presented by the pandemic, we are confident that our operating performance and strong financial position provide us with the resilience and flexibility to respond to the operating environment in FY21 and beyond."

Barratt increased its target for annual wholly owned completions to between 15,250 and 15,750 homes from an earlier estimate of 14,500-15,000 homes. Joint ventures are on track for about 650 homes as planned.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BDEV Market Data

Currency UK Pounds
Price 713.40p
Change Today -5.60p
52 Week High 753.80p
52 Week Low 364.70p
Volume 2,776,356
Shares Issued 1,018.32m
Market Cap 7,265m

Performance Indicators

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What The Brokers Say

Strong Buy 12
Buy 1
Neutral 5
Sell 0
Strong Sell 0
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BDEV Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Apr-21 10-Oct-19
Paid 10-May-21 05-Nov-19
Amount 7.50p 19.50p

Trades for 05-Mar-2021

Time Volume / Share Price
16:35 1,164,341 @ 713.40p
16:29 360 @ 713.20p
16:29 420 @ 713.20p
16:29 47 @ 713.20p
16:29 307 @ 713.20p

BDEV Key Personnel

COO Steven J Boyes
Chair John Allan
CFO Jessica White