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No dividends? No problem. Vistry's shares surge post results

The housebuilder's performance seemed to eclipse news about the cancellation of shareholder payouts
March 14, 2024
  • Total of £155mn in buybacks
  • Lower PE ratio than its peers

Axing dividend payments is a hard sell for shareholders, but Vistry (VTY) seems to have pulled it off. The housebuilder's share price jumped 9 per cent on the morning of its results for the last calendar year when it announced a new £100mn buyback to replace the dividend it scrapped last autumn.

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