Severn Trent to hike dividend payouts as consumer bills rise

Severn Trent to hike dividend payouts as consumer bills rise
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Severn Trent to hike dividend payouts as consumer bills rise
Published: Jan, 24 2025 12:19

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Severn Trent to hike dividend payouts as consumer bills rise Severn Trent intends to increase its annual dividend payments, amid rising consumer bills, and controversy over sewage spills and its accounting practices.

The water company, which serves about eight million people across the Midlands and Wales, expects to pay a 126.02p per share dividend to shareholders in the 2025/26 financial year, compared to 121.71p per share the previous year.

Severn plans to replace about 1,400 kilometres of water mains to cut leakages by 16 per cent, reduce pollutions by another 30 per cent, and become operationally net zero by 2030.

Shareholder payouts: Severn Trent intends to increase its annual dividend despite controversy over sewage spills and its accounting practices.

Severn said on Friday that it would still have the second lowest bills in England and be giving £575million in financial assistance to help around one in six households with their bills.

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