Profits in the year to end December 2020 will be at the top end of its £130mln-£140mln forecast, the group repeated again in a trading update, with net debt at the year-end to be no more than £40mln.
“Strong trading and low cancellations [and] good cash management at an individual business level” have driven the performance, it added.
“Given the strong cash performance and accelerated deleverage, the board will consider reinstating a modest final dividend in respect of the 2020 financial year, “ Vistry said in the statement.
The housebuilder added that all land for building next year has been acquired and it predicted a profit before tax of £310mln for 2021 and to be in a net cash position by the year-end.
Dividends in 2021 will reflect a policy of 2.5 times earnings cover, the group added.
Vistry noted that it has also repaid all furlough monies received earlier in the year
A trading update for the 12 months ended December 31, 2020 will be issued on January 12, 2021, it said.