The United Utilities Group Board has proposed an interim dividend of 14.50 pence per ordinary share in respect of the six months ended 30 September 2021. This is an increase of 0.6 per cent compared with the interim dividend relating to last year, in line with the group's dividend policy of targeting a growth rate of CPIH inflation each year through to 2025. The inflationary increase of 0.6 per cent is based on the CPIH element included within the allowed regulated revenue increase for the 2021/22 financial year (i.e. the movement in CPIH between November 2019 and November 2020).
The interim dividend is expected to be paid on 1 February 2022 to shareholders on the register at the close of business on 17 December 2021. The ex-dividend date is 16 December 2021. The election date for the Dividend Reinvestment Plan is 11 January 2022.