The Severn Trent Board has declared an interim ordinary dividend of 40.03p per share (2018/19: 37.35p per share), which will be paid on 3 January 2020 to shareholders on the register at 29 November 2019.
Other financial highlights include:
− Group turnover of £910.0 million, up £28.5 million (3.2%)
− Group underlying PBIT3 of £286.3 million, down £12.8 million (4.3%), following Teal Close property sale in the prior year, deferral of customer ODIs and increased investment in infrastructure renewals
− Group reported PBIT of £285.3 million, down £13.8 million (4.6%)
− Further fall in effective interest rate from last year end of 20 basis points to 3.7%, part of a reduction of 170 basis points in AMP6, positioning us well for AMP7
− Underlying basic EPS4 of 68.8 pence (down 9.7%) and basic EPS from continuing operations of 61.7 pence (down 11.6%), reflecting lower PBIT and our share of the loss from our joint venture, Water Plus
− IAS 19 pension deficit reduced by £62 million to £391 million; future funding plans now agreed
