Galliford Try Holdings Announces £0.055 Dividend Payment with 4.1% Yield

Galliford Try Holdings will pay a dividend of £0.055 per share on April 11, bringing the annual payment to 4.1% of the current stock price. The company's EPS is set to fall by 15.7% in the next 12 months, but the dividend payout ratio is expected to be 40%. Despite a 71% decline in dividend payments since 2015, the company's earnings have grown by 70% per year over the past five years, making it a promising dividend stock.

Galliford Try Holdings PLC (GFRD), a leading construction and housebuilding company in the United Kingdom, recently announced its final dividend payment for the year ending April 11, 2023 [1]. The dividend, amounting to £0.055 per share, brings the annual dividend to 4.1% of the current stock price [1]. Despite a projected 15.7% decline in earnings per share (EPS) in the upcoming 12 months [1], Galliford Try Holdings' dividend payout ratio is expected to remain at 40% [1].

The company's dividend history has been subject to fluctuations, with dividend payments declining by 71% since 2015 [1]. However, Galliford Try Holdings' earnings have shown remarkable growth over the past five years, increasing by an average of 70% per year [1]. This growth trajectory, coupled with the company's commitment to maintaining a dividend payout ratio, makes Galliford Try Holdings an attractive prospect for income-focused investors.

Galliford Try Holdings' financial performance has been driven by its strategic focus on the public-private partnership (PPP) sector [1]. The company's improved annual dividend policy of 1.8x cover recognizes the value of its PPP assets [1]. Furthermore, the company's interim dividend payments have increased by 36% and 30% in the past year, indicating a commitment to maintaining and potentially increasing its dividend payout [1].

Investors interested in Galliford Try Holdings should note that the company's dividend yield, while currently attractive, may be subject to fluctuations based on market conditions and the company's financial performance [2]. Additionally, potential investors should conduct thorough research and consider their individual investment objectives and risk tolerance before investing in the stock.

References:

[1] DividendMax. Galliford Try Holdings Plc. Retrieved from https://www.dividendmax.com/united-kingdom/london-stock-exchange/construction-and-materials/galliford-try-holdings-plc/dividends

[2] StockAnalysis. Galliford Try Holdings. Retrieved from https://stockanalysis.com/quote/lon/GFRD/dividend/