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The Independent UK
The Independent UK
Business
Henry Saker-Clark

Severn Trent to increase shareholder dividends as water bills rise

Severn Trent Ofwat
The increase comes amid significant scrutiny over the level of payouts in the sector (Dominic Lipinski/PA) - (PA Archive)

Water giant Severn Trent has said it plans to hand shareholders a higher dividend for the next year as trading remains in line with targets.

It said its financial performance up to January 23 “remains on track”, with it set to meet its guidance for the full financial year.

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