Winkworth’s shareholders are benefiting from the pandemic housing boom, with a special dividend payout, reflecting the company’s strong performance in 2021.
The directors have announced a dividend of 2.2p per ordinary share for the second quarter of 2021 to shareholders. Winkworth’s shares are traded on the AIM market.
Following an exceptionally strong performance in the sales division by the network in the first half of 2021, with preliminary figures indicating that revenues exceeded those achieved for the whole of 2020, the Directors will also pay a special dividend of 2.6p per ordinary share at the same time as the second quarter dividend.
Added to the 2.2p ordinary dividend and the 1.3p special dividend paid for the first quarter, this brings total dividends declared for the first half of 2021 to 8.3p per ordinary share. In the same period in 2020, the dividend was 3.08p.
In their report, the Winkworth board are anticipating a slowing of activity in sales in the second half of the year following the progressive withdrawal of Stamp Duty relief. Revenues from rentals are running at a similar level to 2019 and ahead of 2020 and they are confident that its results will exceed market expectations.