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 top FTSE 100 stocks to buy in July
Investing Articles
The Persimmon share price is sliding. Should I buy more?
Investing Articles
If I’d invested £10,000 in Persimmon shares 5 years ago, here’s how much passive income I’d have now!
Investing Articles
A once-in-a-decade chance to buy these two FTSE 100 stocks at dirt cheap prices?
Investing Articles
Could Persimmon shares REALLY give me £620 in annual dividend income?
Investing Articles
3 FTSE 100 stocks near 52-week lows! Should I snap them up today?
Investing Articles
A once-in-a-decade opportunity to buy one of the best FTSE 100 dividend stocks?
Investing Articles
2 lessons from FTSE shares I wish I’d never bought!
Investing Articles
These 2 FTSE 100 shares have bombed in 2022/23, but I’d buy one now!
Growth Shares
Is the Persimmon share price actually good value for a property stock?
Investing Articles
9.4% and 7% dividend yields! Which of these FTSE 100 shares should I buy today?
