Vistry shares surge on hopes of early dividend

greg-fitzgerald

Housebuilder says it may end the year with more cash than debts

Shares in Vistry have risen by 5% this morning after the housebuilder said it had brought in more cash than expected and is considering reinstating a dividend for its 2020 financial year.

Vistry said it now expected net debt – cash in the bank minus all its debts – at the year-end to be no greater than £40m, and that the firm could even move into a net cash  position.

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