Building materials giant Wolseley said it will pay another special dividend, on top of a bigger standard payout, after better trading in Britain and another year of strong gains in the US.
But the group said it will continue to slash costs after axing more than 900 jobs in the year, as it struggles in France, central Europe and the Nordic region.
Like-for-like sales rose 2.9% in the year to the end of July, with trading profits up 10.7% to £725m.
Wolseley said it is seeing "early signs of recovery" in the UK, where it also has brands including Drain Center and Parts Center.
It grew underlying revenues by 2.5% in the UK during the year, helped by improving housebuilding and home repairs as the housing market recovers, while trading profits edged up £2m to £95m.
The group increased its UK workforce by a net 52 during the year to 5952, after buying Burdens drainage supplies depots.
The group, which is headquartered in Switzerland and registered in Jersey, has around 39,300 staff and earns 81% of its profits from the US and the UK.
Pre-tax profits rose to £473m from £198m. Ongoing group revenues rose 4.1% to £12.9 billion.
Wolseley's £300m special divi - worth 110p per share - is in addition to a total divi up 10% to 66p per share. The group announced another £350m special dividend with last year's annual results.