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Persimmon, Taylor Wimpey recovery prompts improved dividends

The housebuilders expect completions to close in on 2019 levels this year as demand continues to surge
Persimmon, Taylor Wimpey recovery prompts improved dividends
  • Persimmon and Taylor Wimpey expect to approach pre-pandemic completion levels this year
  • Dividend prospects are improved, with Persimmon targeting a 235p payment for 2021

Persimmon (PSN) and Taylor Wimpey (TW.) have flagged a faster-than-anticipated recovery in completions to pre-pandemic levels, ahead of further government stimulus for the housing market.

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