Taylor Wimpey announces special payout as UK housing stays strong

May 17, 2016 7:08 AM

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May 17 Housebuilder Taylor Wimpey Plc announced a fresh special payout, promising investors about 1.3 billion pounds ($2 billion) over three years, underpinned by strong demand for property in the UK.

The company said it would pay a special dividend of 300 million pounds in July 2017 and bump up its ordinary dividend, so that a minimum of 150 million pounds would be given to investors from 2017.

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