The Board of Villa World Limited to have declared a total of 18.5 cents per share fully franked dividends in relation to the financial year ended 30 June 2018 - an interim dividend of 8.0 cents per share and a final dividend of 10.5 cents per share declared post balance date. The ex-dividend date for the final dividend is 3 September 2018, the record date is 4 September 2018, and payment will be made on 28 September 2018. The company Board intends to continue the stated payout policy of 50% to 75% of annual NPAT, paid semi-annually. The Board anticipates paying total dividends of 18.5 cents per share fully franked in fiscal 2019. The first half of 2019 dividend is expected to be 8 cents per share. The company announced earnings results for the year ended June 30, 2018. The company ended the 2018 financial year with a strong full year result, reporting statutory net profit after tax of $43.6 million or 34.4 cents per share, up 15% on the prior period's result of $37.8 million or 32.5 cents per share. Strong net cash flow from trading activities of $123.6 million combined with headroom in the debt facility enabled the Company to expend $155.5 million on the acquisition of new land and still retain a strong year-end cash and debt position. The fiscal year 2019 gross margin is expected to be within the range of 24% to 26%. The company expects cash outflow for acquisitions of $40 million to $60 million in fiscal year 2019, inclusive of $7 million in capital lite transactions, with the balance funded from existing debt facilities. The company is targeting a statutory profit after tax of approximately $40 million, assuming general consumer confidence is maintained, interest rates remain low, consumer credit conditions do not deteriorate, and first home buyer grants remain in place.