LONDON, Feb 26 (Reuters) - Taylor Wimpey said itwould return 250 million pounds to shareholders over the nexttwo years after Britain's recovering housing market helped thehousebuilder post an almost 50 percent jump in full year pretaxprofit.
The company said on Wednesday it planned to pay shareholders50 million pounds in 2014 and 200 million pounds in 2015, withplans for further significant annual payments from 2016. Itproposed a final dividend of 0.47 pence per share, giving thetotal for the year of 0.69 pence.
The housebuilder said its profit before tax and exceptionalitems for the year to Dec. 31 rose 47.6 percent to 268.4 millionpounds as revenue increased 13.7 percent to 2.3 billion pounds.The company's order book at Feb. 23 stood at 1.49 billionpounds.