Weekly Recap: Dividend target cut to 4% and bearish flag with 65p target
Taylor Wimpey plc (LSE:TW) cut its ordinary dividend target from 7.5% to 4% of net assets with a 2% minimum and will return excess capital via extra dividends or buybacks amid a UK housing downturn; shares also show a bearish flag at the 100-day EMA, support near 74p and a possible drop to ~65p if…