Taylor Wimpey jumps 3.9% on news of dividend pay out

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Shares in Taylor Wimpey rose 3.9% on the FTSE 100 to 309.50p on Tuesday, after the house builder announced it will pay out an additional £100m annually in dividends as well as a one off £350m pay out next year.

Dividends will now total £250m per year, with 2019 pay-outs set to reach £600m.

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