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
2 cracking value stocks investors should consider buying!
Investing Articles
These 3 beaten-down value stocks should soar when interest rates fall
Investing Articles
If interest rates are cut in 2024, these FTSE shares could surge
Investing Articles
Can these hot FTSE 250 stocks smash the market in 2024?
Investing Articles
The Persimmon share price is on a roll. I think there’s more to come!
Investing Articles
If I’d put £1,000 in Persimmon shares 3 months ago, here’s what I’d have now
Investing Articles
2 FTSE 250 stocks I’ll be watching this week
Investing Articles
3 cheap FTSE shares to consider buying in January
Investing Articles
Best British shares for investors to consider buying for 2024
Investing Articles
I’d buy 1,593 shares of this FTSE 250 stock to aim for £312 a month of passive income!
Top Stocks
4 UK shares these Fools are keeping on a tight leash
