Berkeley Group (BKG) is expected to reveal another bumper year for profits when it releases results next Wednesday. This year the London and South-East focused house builder expects to complete 30 per cent more homes than it did at the peak in 2007.
The group has already confirmed that cash due on forward sales has risen to £1.9bn, and that it remains on target to pay the equivalent of 433p a share in dividends by September 2018. It has already paid 164p of this, and a further 270p a share is expected to be paid by the first milestone in September 2015. Analysts at Numis Securities calculate that these dividends are worth about 180p a year - a yield of 7.5 per cent on the current share price of 2,399p. The company has nonetheless continued to add to its land bank.
