Severn Trent hikes dividend payouts as water bills set to rise 47% over next 5 years Water company Severn Trent has announced plans to increase its dividend for the next year, as it continues to trade in line with targets.
In this final determination, Ofwat permitted Severn Trent to raise customer bills by an average of 47% over the next five years.
Severn Trent stated that it proposed the increased dividend after considering the final determination disclosed by the regulator last month.
The firm confirmed that its financial performance up to January 23 "remains on track", and it is set to meet its guidance for the full financial year.
The proposed increase comes amid intense scrutiny over sector payouts, particularly given rising customer bills and concerns about leaks.
