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
What should I do with my Persimmon shares after today’s earnings release?
Investing Articles
Here are the latest share price and dividend forecasts for Taylor Wimpey, Persimmon and Berkeley Group
Investing Articles
Putting £10,000 into income shares could instantly unlock a passive income of…
Investing Articles
Down over 20%, should I dump this FTSE 100 dividend stock?
Investing Articles
Where next for the Persimmon share price?
Investing Articles
Market jitters caused one of my FTSE 100 stocks to tank!
Investing Articles
Will Taylor Wimpey shares lead the housebuilding stock recovery – or rival Persimmon?
Investing Articles
Even Warren Buffett’s made some bad predictions!
Investing Articles
Under £14 now, Persimmon’s share price is trading at less than half its fair value by my reckoning
Investing Articles
Here’s the dividend forecast for Persimmon shares for the next 3 years
Growth Shares
2 FTSE 100 stocks to consider buying as the index hits fresh highs
