United Utilities and Pennon to increase dividend payments as water bills rise Both will raise dividends in line with inflation, as South West Water and United Utilities bills to increase 23% and 32% over five years.
Two of England’s privatised water monopolies, the South West Water owner Pennon and United Utilities, have said they will increase dividend payments to investors, as they prepare to raise household bills.
United Utilities, a member of the FTSE 100 that provides water in north-west England, also said it would also raise its dividend in line with inflation, after paying out about £340m to investors in 2023-24.
Louise Beardmore, United Utilities’s chief executive, said: “With the final determination agreed, we are now able to progress what will be the largest investment in water and wastewater infrastructure in over 100 years, to build a stronger, greener and healthier north-west.”.
The decisions mean the companies will go ahead with increases in bills of 23% for South West Water and 32% for United Utilities over five years from April.
