United Utilities raises investor payouts a day after Windermere sewage discharge revealed
16 May 2024 at 10:23
Near-10% dividend increase follows allegation that water company failed to prevent illegal pollution for 10 hours in February
β’ Business live β latest updates
One of Britainβs most polluting water companies has increased its payouts to shareholders by nearly 10% in the same week that it emerged it had pumped raw sewage into Windermere in the Lake District for 10 hours.
United Utilities will pay its investors β which include some of the worldβs biggest asset managers β Β£339m in dividends for this year, up from Β£310m for 2023, after it reported higher operating profits thanks to a rise in customer bills.
Continue reading...