Severn Trent $SVT (+1.51%) that was the thing with the water in England

Our proposed final dividend of 64.09 pence (2021/22: 61.28 pence) is in line with our inflation-indexed dividend policy and is payable on July 14, 2023.

Severn Trent Water's RoRE for the year was 12.2%, 830 basis points above the base yield of 3.9%. The outperformance resulted primarily from our customers' ODI premiums of £53m, with around 80% of our measures being premiums and financing, reflecting our continued low cash interest costs and the impact of higher inflation in the year compared to Ofwat's final determination assumption. Although we have seen a negative impact of higher inflation on our operating and finance costs in the current year, in the longer term we expect to see benefits from the indexation of our RCV, sales growth and lower gearing, all of which underpin our inflation. linked AMP7 dividend policy.

https://www.severntrent.com/investors/results-reports-and-presentations/