On 8 August 2024 the Board declared an interim dividend of 20p per share to be paid on 8 November 2024 to shareholders on the register on 18 October 2024.

Capital Allocation Policy

As announced on 8 November 2022, the Board recognises the importance of sustainable dividends for shareholders and will continue to prioritise value creation from a strong return on capital. Following a review and reflecting the increased uncertainty in the political and macro-economic environment, alongside increased corporation tax and the residential property developer tax, the Board has decided to conclude the previous capital return programme, which was introduced in 2012. The Board has instead implemented a new Capital Allocation Policy.

The Capital Allocation Policy has the following key principles:

• Invest in the long-term performance of Persimmon by ensuring the business retains sufficient capital to continue our disciplined and appropriately timed approach to land acquisition.
• Operate prudently, with low balance sheet risk, and a continued focus on achieving a superior return on capital.
• Ordinary dividends will be set at a level that is well covered by post-tax profits, thereby balancing capital retained for investment in the business with those dividends.
• Any excess capital will be distributed to shareholders from time to time, through a share buyback or special dividend.

Details of returns previously paid to shareholders under the now concluded capital return programme can be found below.