Crest Nicholson, a UK home builder, boosts dividend by 20% despite recent quarterly losses.

Crest Nicholson Holdings Plc, a UK home builder, announced a 20% dividend increase to GBX 1.20 per share, payable on April 25 to shareholders on record by March 27. The company reported recent quarterly losses but has seen a stock rating upgrade to "neutral" by JPMorgan, with a target price of GBX 190. Crest Nicholson has a market cap of £449.07 million.