My foray into water shares has so far been a good idea that I will continue to pursue
Severn Trent $SVT (-1,85%) has increased its dividend to shareholders after profits rose by a fifth last year, despite the company's wastewater pollution rising by a third in 2023.
The FTSE-listed company, which supplies water to much of Wales and the West of England, increased its final dividend by 9% to 70.1p a share, while profits rose to £201.3m.
I've got my water goods basket
out $AWK (-1,44%)
$XYL (+0,62%) and just $SVT (-1,85%) started to build it up. I'll keep at it
https://uk.finance.yahoo.com/news/severn-trent-hikes-dividend-despite-081605635.html
Small addendum
The industry regulator Ofwat will meet soon to decide on the increase in draft legislation between 2025 and 2030. The draft proposals are due to be announced on June 12.
Severn Trent wants to invest 12.9 billion pounds and increase customer bills by 35.7 percent.
Between 2020 and 2025 the average annual bill for Severn Trent was £402.63, for the next five years the average would be £546.35 if Ofwat's business plan is accepted.
