Barratt Developments is expected to announce next year it will pay its first dividend since the financial crisis.
The City thinks it will be at little as 1p a share – a token sum – but it will serve to underline signs of a property market recovery. The housebuilder is preparing to announce full-year sales of £2.3bn on Wednesday. Pretax profit is expected to have climbed 158% to £100m. Barratt is one of the housebuilders enjoying the benefit of NewBuy which is thought to account for 9% of the housebuilding industry’s sales.
09/09/12 Sunday Times (Business) 3
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