Persimmon Plc
-9.50 (-0.77%)
Stock Name Stock Symbol Market Stock Type
Persimmon Plc PSN London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-9.50 -0.77% 1,219.50 16:35:08
Open Price Low Price High Price Close Price Previous Close
1,234.50 1,219.00 1,242.00 1,219.50 1,229.00
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Industry Sector

Persimmon PSN Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

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Posted at 13/3/2023 12:15 by sikhthetech
It'll be months before the full impact of SVB going under, the firesale of assets etc is known.

Budget this week.
BoE interest rate meeting next week.

Makings of GFC mk2

sikhthetech - 01 Mar 2023 - 19:53:38 - 4124 of 4240 PERSIMMON PLC - THE CHARTS
This is what happened to PSN/TW share price during the GFC 15yrs ago.

If the housing market follows similar pattern then expect the HB share price to drop again.

The share price shown here are just a guide showing how HB share price don't just fall the once.

Budget in 2 weeks and BoE interest rate decision week after.
Help to Buy ending is the long term concern.

From 2007 to 2008 - GFC

05/07 1400p
05/08 600p
12/08 200p

05/07 500p
05/08 125p
12/08 8p

Posted at 12/3/2023 16:21 by sikhthetech

EZJ up around 100% within 3 months since Oct, whereas PSN isn't. CRY up and many others still in profit...ONE of my shares down temporarily and hit by a gang with multiple ids, where they borrowed shares to manipulate the sp!!!.. wow.. you want to judge opinions on HBs based on ONE unrelated share???? What do you think of the 50% fall in PSN sp, which crashed as I warned or Trmr down 70% which crashed as I warned??

Do you think PSN will do better than TLY over the next few months?

SVB going under is another major challenge facing housing market, banks and the stockmarket in general.

On top of the banking crisis
HBs need to resolve onerous ground rents - millions pounds
HBs need to resolve fire safety issues - millions pounds

house prices falls
inflation, wage inflation still high.

Budget this week,
BoE meeting next week.

Posted at 12/3/2023 15:47 by brucie5
sikhthetech13 Dec '22 - 15:19 - 3882 of 4230
0 1 0

Have a look at TLY They are in the right place at the right time, recurring revenues, cash and pay dividends. They announced one £66m( equivalent to entire Mcap) contract just yesterday. Govn have said reducing waiting times within NHS is priority.
Hmm. Does this still stack up, Sikh? Fortunately I didn't take your advice. Since December I would have been better off holding PSN!

Posted at 01/3/2023 07:57 by sikhthetech
Outlook not good.

Reservations have fallen significantly.

Uncertain fy2023.

Dividend cut.

Reservations falling is more significant than the dividend.

Remember the banks paid a good dividend before the GFC. Their shares crashed.

Posted at 01/3/2023 07:23 by garycook
FY results look good. Regarding the Dividend of 60p.I take it from reading below that at least 60p will be paid also later this year. Any comments ? For 2022, the Board proposes a final dividend of 60p per
share to be paid on 5 May 2023 to shareholders on the register
on 14 April 2023, following shareholder approval at the AGM.
This dividend is the final and only dividend in respect of
financial year 2022.
-- For 2023, the Board's intention is to at least maintain the
2022 dividend per share with a view to growing this over
time. As previously announced, payments will be made semi-annually
and the Board intends to pay an interim dividend in the second
half of this year in relation to 2023.

Posted at 28/2/2023 14:11 by tourist2020
From the November Trading Statement:

The Board will implement a new Capital Allocation Policy with the following key principles:

Invest in the long-term performance of Persimmon by ensuring the business retains sufficient capital to continue our disciplined and appropriately timed approach to land acquisition.

Operate prudently, with low balance sheet risk, and a continued focus on achieving a superior return on capital.

Ordinary dividends will be set at a level that is well covered by post-tax profits, thereby balancing capital retained for investment in the business with those dividends.

Any excess capital will be distributed to shareholders from time to time, through a share buyback or special dividend.

The 2022 dividend per share will be announced in March 2023, alongside the Group's full year 2022 results, and paid in Q2 2023. Guided by the new policy, when proposing the 2022 dividend the Board will carefully consider the business' performance, financial position and outlook at that time. There will be no special distribution for 2022.

Depends what "well covered" means. At a slightly optimistic 240p EPS a divi of 160 would be 1.5x covered. Not sure if that is "well covered" in the current environment.

Posted at 28/2/2023 13:49 by jun_man
There have been no dividends declared or paid in respect of FY2022. The last dividend paid (on 8th July 2022) was the final dividend for FY2021.

I would be positively surprised if they declare a dividend for 2022 of more than 125p tomorrow, but let's see.

Posted at 24/1/2023 21:21 by brucie5
Couple of snippets. And I realise most would consider it too early to be buying this back, but the chart has become of interest to me. I may not be holding for long.


1. This is the Questor article mentioned by an earlier poster, following the recent update.. Gist is, PSN is a survivor and this is a good time to tuck it away.


2. And this was a post by "Abtan" on Stocko in response to an article by Megan Boxall in October last year... The title of the article is cautionary enough!


But Abtan, who also holds GLE, wrote the following about PSN, which I quite rated for its detail: H/he writes-

For 2006-2021 I've compiled a table below showing the company's:

Gross Profit %;
ASP (Average Selling Price);
Volumes Sold,
which I will use to support my rationale for holding.


Gross Margins are much stronger today (c30%) vs 15 years ago (c14%)
Additionally, debt was much higher back in the noughties with a huge £76m finance charge paid in 2008 and £55m paid in 2009. The company today has no debt.

That's 2 huge problems the company doesn't have today.


Now if history repeats itself in the next 2 years for both volume and ASP i.e. drops of 44% and 15% respectively, then revenue in 2024 should still hit c.£1.6b.

I see this as quite an extreme (and hopefully prudent) scenario.

Apply a very poor PBT% of 20% (the last time it was lower than this was in 2014 - 18.1%) and we are still discussing a company with an operating profit of £327m and free cash generation, using historic assumptions and a 25% corporation tax rate, of c£230m.


There is of course a lot of land and cash on the balance sheet too:

a) The current market cap is £4b.
b) I'm personally assuming land on the balance sheet is overvalued by 30% (£2.1b ---> £1.5b), and is worth £1b net of £0.5b of Land Payables.
c) Cash on the balance sheet is currently £780m.

a) + b) + c) gives me an EV of £2.2b.


So this is a company that has an EV of £2.2b and in its worst upcoming year will still generate £230m of free cash (a c10% yield) and doesn't appear to have any liquidity issues.

That doesn't sound that bad.

Do I think the share price will fall further? Probably, especially once the current dividend is cut. But in this rapidly changing world, I think I'd rather hold when the valuation seems so cheap and there doesn't appear to be any obvious danger of things falling to zero, or not recovering in good time."

Posted at 13/12/2022 11:27 by brucie5
Ok, a question for the board. Which offers the better prospects out of VTY and PSN?
I notice that PSN's dividend on Stock is now down to 9.50%, whereas on dividend data it's a whopping (and presumably unsustainable) 18%.
I realise that Sikh sees this much further down - though how far down, I wonder? And what do you see as a realistic level of dividend?

Posted at 18/8/2022 10:16 by encarter
With buyer demand staying strong, (the firm is 90% forward sold for the year) management is working flat out to maintain this growth. Persimmon bought 8,829 new housing plots in the first half, replacing 130% of plots (newly built houses) sold.  This brings me back to the dividend. So far this year the group has already paid out 235p per share, giving a historic dividend yield of 13%. As of yet, management has not issued any guidance for 2023, although Refinitiv analyst estimates suggest the business will distribute 242p a share next year. Based on that, the forward dividend yield on Persimmon shares stands at 13.4%  With 90% of sales locked in for this year, nearly £800m of cash on the balance sheet and a land bank big enough to support new developments for the next five years (at current build rates) I'd peg the chances of the firm being able to meet this 2023 dividend target as quite high.
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