Cairn Homes shareholders to reap rewards as sales soar

Shareholders to get significant amounts of cash in dividends and share buybacks as home builder benefits from ongoing housing shortage in Ireland

Michael Stanley, chief executive of Cairn Homes, and John Reynolds, chairman: the company said it expected total build cost inflation for this year to be around 6 to 7 per cent. Picture: Shane O'Neill

Cairn Homes, the Dublin-listed home builder, is set to return significant amounts of cash to its shareholders in the coming years in the form of dividends and share buybacks, a market analyst has forecasted.

The company is expected to continue to benefit from the ongoing housing shortage in Ireland, which has resulted in its forward sales pipeline being booked up for thousands of new homes. Last week, Cairn released a trading update for the six ...