Multiline utilities
United Utilities is the regulated water and wastewater company serving North West England. It supplies drinking water, collects and treats sewage and invests heavily in networks, reservoirs, treatment works and environmental improvements.
Water supply, wastewater collection and treatment, network maintenance, leakage reduction, environmental programmes and major regulated infrastructure investment.
North West England under the regulated water framework overseen by Ofwat.
Allowed regulatory returns, delivery of the AMP8 investment programme, inflation, operational incentives, financing costs, customer growth and efficiency improvements.
Regulatory penalties, environmental incidents, political intervention, high capital requirements, financing costs, extreme weather and failure to meet leakage or pollution targets.
13 August 2026: Ofwat provisionally approved about £995m of additional investment for United Utilities during 2027-30, with the final decision due in December 2026. The extra spending could increase the regulated asset base and future earnings but also raises execution and customer-bill considerations as the very large AMP8 programme gathers pace.
United Utilities pays twice yearly and aims to grow the dividend in line with CPIH during the current regulatory period. The FY2025/26 final dividend was 35.78p per share, ex-dividend 25 June 2026 and paid on 3 August; together with the 17.88p interim, the full-year total was 53.66p.
The complete 350 Trade Book — 350 leading UK-listed companies, presented in one consistent working reference.