Half Year Results 

Barratt Developments extends special dividends

Barratt Developments extends special dividends

Solid cash generation and a reduction in land creditors boosted Barratt Developments’ (BDEV) net cash balances during the first half of the year, giving management the confidence to extend an annual £175m in special dividend payments to 2021. That is in addition to a target of maintaining profit coverage of the ordinary dividend by a multiple of 2.5.

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