Housebuilder Berkeley is on track to return £568 million to shareholders by September 2015.
In a trading update covering the three months to 28 February, the London-focused group reported forward sales of more than £1.4 billion, which Shore Capital analyst Jon Bell said was about 40 per cent ahead of the same period a year ago.
Berkeley is due to pay shareholders an interim dividend of 15p on 19 April, contributing about £20m to its target of returning £568m to investors.
The builder said its strong land bank and lack of debt gave it confidence that it will meet its “long-term plan to return £13 per share to shareholders”.