Dividend information

The Company currently pays an ordinary dividend, normally twice a year in May and November, and an annual special dividend. In each case, the payment is available either by cheque or direct to your bank or building society account; or through the CREST system. Alternatively, you can re-invest your dividends into Taylor Wimpey shares by joining the Dividend Re-Investment Plan (DRIP).

Dividend Policy

Our Dividend Policy, as an output of our strategy, is inherently linked to the cyclical market in which we operate. We continue to believe that our Dividend Policy should comprise a dividend to be paid throughout all stages of the housing cycle and additional significant surplus cash returns to be made at appropriate times in the cycle.

Ordinary Dividend Policy: The Company will pay an ordinary dividend of approximately 7.5% of Group net assets and which will be at least £250 million per annum. This is in line with our announced policy of paying an enhanced ordinary dividend from 2019 onwards and is intended to provide a minimum annual return to shareholders throughout the cycle, including through various planning scenarios based on a 'normal' downturn and including a scenario where average selling prices reduce by 20% and volumes reduce by 30%. This ordinary dividend will be paid equally as a final dividend (in May) and as an interim dividend (in November) each year and will be subject to shareholder approval at each Annual General Meeting.

Our Special Dividend Policy is to pay out to shareholders the free cash generated by the Group after land investment, all working capital, taxation and other cash requirements of the business in executing our strategy in the near term and the Group’s ordinary dividend have been met. The special dividend will continue to be paid in July of each year. We returned £300 million to shareholders in July 2017, equating to 9.20 pence per ordinary share. We returned £340 million to shareholders in July 2018, equating to 10.40 pence per ordinary share. We announced on 15 May 2018 that we intend to return £350 million to shareholders in July 2019, subject to shareholder approval. Future special dividends will be announced on an annual basis at the half year results and will be paid in the following July, subject to shareholder approval. 

These policies on ordinary and special dividends apply for dividends paid from January 2017. During our Capital Markets Day on 15 May 2018 we confirmed our intentions to make further capital returns to shareholders in 2020 and beyond. The Board confirms its intention to keep the mechanics of how the Company will pay special dividends, including the merits of undertaking a share buyback at some point in the future should it become appropriate to do so, under regular review.

Latest dividend payments

The most recent dividend paid was the 2018 interim dividend of 2.44 pence per share. It was paid on 9 November 2018 to shareholders on the register at close of business on 9 November 2018.


The Dividend Re-Investment Plan (DRIP) is/was available on all of the dividends listed below, save for the special dividend paid on 3 July 2014, as noted below.


Shares trade


Dividend type

Dividend per share (pence)

Payment date

Record date

4 October 2018



9 November 2018

5 October 2018

31 May 2018



13 July 2018

1 June 2018

5 April 2018



18 May 2018

6 April 2018

21 September 2017



3 November 2017

22 September 2017

1 June 2017



14 July 2017

2 June 2017

13 April 2017



19 May 2017

18 April 2017

25 August 2016



7 October 2016

26 August 2016

2 June 2016



15 July 2016

3 June 2016

7 April 2016



20 May 2016

8 April 2016

20 August 2015



2 October 2015

21 August 2015

21 May 2015



3 July 2015

22 May 2015

9 April 2015



20 May 2015

10 April 2015

20 August 2014



25 September 2014

22 August 2014

4 June 2014



3 July 2014*

6 June 2014

9 April 2014



21 May 2014

11 April 2014

21 August 2013



25 September 2013

23 August 2013

17 April 2013



21 May 2013

19 April 2013


*DRIP not available 

Dividends paid direct to your bank or building society account

By having your dividends paid direct to your bank or building society account, you will avoid the risk of having your cheque lost in the post or having to present it to the bank.

You will receive your dividend in your account on the dividend payment day and dividend confirmation will be posted to your home address.

To set up a dividend mandate instruction, complete and return the form attached to your dividend cheque, contact Link for additional forms, or register your mandate at www.signalshares.com

Link Asset Services
The Registry 
34 Beckenham Road 
BR3 4TU 
UK enquiries: 0871 664 0300
Overseas enquiries: +44 371 664 0300

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