From Morningstar: 2024-09-27 07:43:00

Taylor Wimpey, a UK home construction company, is a stock to watch for Q4. With Labour’s budget approaching, markets anticipate strategies to improve housing affordability and decrease interest rates, potentially boosting Taylor Wimpey’s share price and helping the FTSE 100 hit record highs. However, recent half-year results showed a drop in home builds and profit before tax.

Despite disappointing recent results, Taylor Wimpey may benefit from the UK government’s target to build 1.5 million homes in five years and reform the planning system for faster developments. Currently trading at £1.64, slightly below its fair value estimate, the company pays a quarterly dividend of 2.4 pence per share.



Read more at Morningstar: Dividend Watch: Taylor Wimpey a Building Block in…