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
My best stock to buy for 2024’s smashing the market! Is there more to come?
Investing Articles
Up 30% since May, could the Persimmon share price keep rising fast?
Investing Articles
Is it time to look at the FTSE 100’s own ‘Magnificent 7’?
Investing Articles
My favourite FTSE 100 dividend share is yielding only 3.6%. But I’m not selling!
Investing Articles
Up 95% and 72% in a year! Is it too late to buy these explosive FTSE 100 shares?
Investing Articles
Is this FTSE 250 construction giant set to soar on a new housebuilding boom?
Dividend Shares
3 reasons the Persimmon share price could keep rising
Investing Articles
The Persimmon share price jumps after a strong first half. Is there more to come?
Investing Articles
Why the Persimmon share price soared 18% in July
Investing Articles
10 shares that Fools have been buying!
Investing Articles
History suggests these UK shares might soar if interest rates are cut in August