The benefits of last year’s restructuring are now clearly visible at Bovis Homes (BVS), and strong cash generation means that shareholders are being rewarded with a special dividend of 45p a share, which along with an increased half-year dividend pushes the dividend yield upwards of 8 per cent. And the housebuilder also intends to return a total of 134p a share in special dividends in the three years to 2020.
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