Severn Trent dividend exceeds £260m amid rising anger over sewage pollution
by Joanna Partridge from on (#6BWHW)
Investor payout comes as company posts small profit increase and forecasts strong earnings growth
which the company said was in line with its policy of increasing dividends by at least CPIH inflation"?Severn Trent has increased its dividend to more than 260m, despite growing public anger over payments made by water suppliers to their shareholders and executives, as companies come under increasing pressure to tackle leaks and sewage pollution of rivers and seas.
The rise in the water company's investor payout came as it reported a small increase in profit for the past year and forecast strong earnings growth for the coming year.
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