Motley Fool say yield of 8%1 Jul 2016 00:35
By Motley Fool | Thu, 30th June 2016 - 13:37
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The entire housebuilding sector also remains under the cosh as the possibility of higher mortgage payments and diving home prices has weighed.
But I believe the likes of Crest Nicholson (LSE:CRST) remain lucrative long-term stock candidates. After all, Britain's housing shortage isn't going to go away in a hurry despite government pledges to boost construction activity.
Against this backcloth, Crest Nicholson is expected to pay a 27.6p per share dividend in 2016. And a subsequent yield of 8% merits serious attention, in my opinion.