Severn Trent increases 2013/14 full year dividend by 6%

DividendMax Ltd.

Severn Trent increases 2013/14 full year dividend by 6%

 

Highlights

In-line or below inflation bill increases for last four years - Severn Trent remains lowest average combined bill in England and Wales

Increased investment - £602 million capital expenditure (+8% year on year) - continues to improve  services for the benefit of customers

Customer service, sewer flooding and supply interruptions all improving


Improved or stable performance on 10 out of 14 Ofwat KPIs year on year


Customer satisfaction (SIM score) improved for 3rd consecutive year

Continued growth in RCV1,2 from £7,364 million to £7,618 million (+3.4%)

Group underlying PBIT rose 4.3% year on year


Severn Trent Water underlying PBIT rose 4.0%

Delivering on dividend policy - 6.0% growth year on year to 80.40 pence

Constructive engagement with Ofwat on 2015-2020 business plan. Revised plan submission 27 June, draft determination expected 29 August, final determination expected 12 December

Companies mentioned