Severn Trent Boosts Final Dividend by 9% Despite 60,000 Sewage Spills
Wednesday, 22 May 2024, 11:32
Severn Trent Increases Shareholder Payouts
Severn Trent, a water company, raised its final dividend by 9% to 70.1p a share after pre-tax profits surged by almost 20% to £201.3m in the year ending March.
Environmental Concerns and Backlash
The company faced criticism for being responsible for 60,000 sewage spills in the previous year while simultaneously increasing payouts to investors.
Debate on Prioritizing Shareholders Over Environment
The decision to reward shareholders amid environmental controversies has stirred up a debate within the community on the company's priorities.
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