Winkworth directors announced yesterday that the company will pay a dividend of 2.2p per ordinary share for the second quarter of 2021 to shareholders following an “exceptionally strong performance” at the start of the year.
With preliminary figures indicating that the estate agent’s network sales revenues in the first half of 2021 exceeded those 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.
It brings the total dividends declared for the first half of 2021 to 8.3p per share, more than double the 3.08p in 2020.
While the directors anticipate a slowing of activity in sales in the second half of the year, as the stamp duty holiday comes to an end, revenues from rentals are running at a similar level to 2019 and ahead of 2020.
Consequently, the company is confident that its results for the year as a whole will exceed market expectations.