<p><span>Vistry Group is considering reinstating a dividend this year in response to its strong trading and “good cash management”.</span></p> <p><span>Issuing an update today (December 9) ahead of its full year results, the business reconfirmed that it expected to deliver full year profit “at the top end” of the range of £130 million to £140 million, reflecting the “strong operational performance across the group”.</span></p> <p><span>Vistry’s board confirmed in November that it planned to resume dividend payments earlier than previously anticipated. It intends to issue an interim payment next November for FY 2021 “with a 2.5 times dividend cover and a progressive policy thereafter”. </span></p> <p><span>The board is now considering reinstating a “modest” final dividend for this financial year, in response to Vistry’s “strong cash performance and accelerated deleverage”.</span></p><p><span>The business also confirmed that it expected to be in a net debt position as of December 31 2020 of “no greater” than £40 million, with the chance of a “modest net cash position”.</span></p> <p><span>“This has been driven by continued strong trading and low cancellations, good cash management at an individual business level, and the ongoing benefits from the successful combination and integration of the enlarged business,” Vistry’s statement read.</span></p> <p><span>The group is targeting …