The United Utilities Board has proposed an interim dividend of 15.17 pence per ordinary share in respect of the six monthsended 30 September 2022. This is an increase of 4.6 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 4.6 per cent increase is based on the CPIH element included within allowed regulated revenue for the 2022/23 financial year (i.e. the movement in CPIH between November 2020 and November 2021).
The interim dividend is expected to be paid on 1 February 2023 to shareholders on the register at the close of business on 23 December 2022. The ex-dividend date is 22 December 2022. The election date for the Dividend Reinvestment Plan is 11 January 2023.