United Utilities Raises Dividend by Nearly 10% Despite Windermere Pollution Incident
Thursday, 16 May 2024, 14:23
United Utilities Raises Dividend Amid Controversy
United Utilities, a major water company, faced criticism for discharging raw sewage into Windermere for 10 hours recently. However, it announced a nearly 10% dividend increase amid the environmental challenge.
Key Points:
- Dividend Increase: United Utilities will pay shareholders £339m in dividends for this year, up from £310m in 2023.
- Environmental Concerns: Allegations of illegal pollution in Windermere have put the company under scrutiny.
- Financial Performance: The dividend increase is attributed to higher operating profits driven by increased customer bills.
Despite facing environmental criticism, United Utilities' dividend boost reflects its financial stability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.