Severn Trent increases final dividend by 9% to 70.1p, reports £201.3m profit, plans £450m investment in storm overflow points, and requests 35.
Severn Trent, a FTSE-listed water provider in Wales and the West of England, increased its final dividend by 9%, to 70.1p per share, and reported a £201.3m profit. The company aims to invest £450m in improving 900 storm overflow points and plans to reduce its average spill rate by 2030. Despite this, Severn Trent requested a 35.7% increase in bills over the next five years, proposing to invest £12.9bn and raise customer bills to £546.
May 22, 2024
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