United Utilities will pay its investors which include some of the world's biggest asset managers £339m in dividends for this year, up from £310m for 2023, after it reported higher operating profits thanks to a rise in customer bills.
The company, which serves 7 million customers across north-west England, said its revenues had risen by about 8% to almost £2bn last year, driven by a higher revenue cap, which was reset by the regulator to take account of inflation.
United Utilities' dividend windfall will flow to funds managed by major institutional investors, which include the US finance giants Lazard Asset Management, Vanguard Group and BlackRock, as well as Legal & General Investment Management.
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