Southern Water - Dividend Ban
Posted: July 7th, 2023, 4:49 pm
https://www.telegraph.co.uk/business/20 ... inflation/
"Southern Water has been prevented from paying a dividend until at least 2025 as its inflation-linked debt repayments balloon.
The utility company said its net financing costs have increased by more than 40pc to £278.6m in the year to April 1, mainly as a result of rising payments to service its huge debts."
https://www.bloomberg.com/news/articles ... costs-soar
"Southern Water has been prevented from paying a dividend until at least 2025 as its inflation-linked debt repayments balloon.
The utility company said its net financing costs have increased by more than 40pc to £278.6m in the year to April 1, mainly as a result of rising payments to service its huge debts."
https://www.bloomberg.com/news/articles ... costs-soar