Vistry half year results

[daveh]

can be found on the company board:
viewtopic.php?f=94&t=21997&p=440216#p440216
or
https://www.investegate.co.uk/vistry-gr ... 02109053K/

The important bit.

Interim dividend of 20p paid 19Nov ex/record date 7/8 Oct

Results look pretty good, almost bought yesterday but went for AV.B instead as it was #1 and VTY #2 in my HYPTUSS

[funduffer]

I hold VTY in my HYP.

I make that 20p (2020 final) + 20p (2021 interim) = 40p for the calendar year 2021, or a yield of 3.4% - not very HYP!

However, their intentions are:

· Board intends to accelerate the ordinary dividend to a two times cover ratio in respect of FY 21

· With balance sheet strength, the Board is committed to prioritising investment in the business to support the Group's growth strategy, pursue a sustainable two times dividend cover policy, and return any further excess capital generated in the future to shareholders via either a share buyback or special dividend

I don't know exactly what cover is today, but Sharecast has it at over 2, so I expect we can see a dividend increase next year in all likelihood.

Will continue to hold, as all good HYPers should.

FD