Declared Dividend • May 22
Final dividend increased to UK£0.76 Dividend of UK£0.76 is 3.5% higher than last year. Ex-date: 28th May 2026 Payment date: 15th July 2026 Dividend yield will be 4.0%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. EPS is expected to grow by 52% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • May 22
Severn Trent PLC Proposes Final Ordinary Dividend for the Year Ended 31 March 2026, Payable on 15 July 2026 Severn Trent PLC announced in line with the policy for AMP7 to increase the dividend by at least CPIH each year, the board has proposed a final ordinary dividend of 75.62 pence per share for the year ended 31 March 2026 (2024/25: 73.03 pence per share). This gives a total ordinary dividend for the year of 126.02 pence (2024/25: 121.71 pence). The final ordinary dividend is payable on 15 July 2026 to shareholders on the register at 29 May 2026. Ex dividend date is 28 May 2026. Annual General Meeting date is 09 July 2026. Reported Earnings • May 21
Full year 2026 earnings released: EPS: UK£1.24 (vs UK£0.77 in FY 2025) Full year 2026 results: EPS: UK£1.24 (up from UK£0.77 in FY 2025). Revenue: UK£2.83b (up 17% from FY 2025). Net income: UK£371.0m (up 62% from FY 2025). Profit margin: 13% (up from 9.5% in FY 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Water Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Feb 12
Severn Trent PLC, Annual General Meeting, Jul 09, 2026 Severn Trent PLC, Annual General Meeting, Jul 09, 2026. Announcement • Feb 11
Severn Trent PLC to Report Fiscal Year 2026 Results on May 20, 2026 Severn Trent PLC announced that they will report fiscal year 2026 results on May 20, 2026 Announcement • Jun 10
Severn Trent PLC, Annual General Meeting, Jul 10, 2025 Severn Trent PLC, Annual General Meeting, Jul 10, 2025. Location: the severn trent academy, hawksley park, st martins road, finham, coventry, cv3 6pr, United Kingdom Announcement • Feb 04
Severn Trent plc Announces Board and Committee Changes The Board of Severn Trent Plc announced that Kevin Beeston, Senior Independent Non-Executive Director and member of the Audit and Risk, Nominations, Remuneration and Treasury Committees, will retire from the Board on 30 April 2025 having served on the Board for nine years. The Board of Severn Trent Plc also announced that Nicholas ('Nick') Hampton has been appointed as a Non-Executive Director of the Company with effect from 4 April 2025. Nick has been appointed as a member of the Audit and Risk, Nominations, Remuneration and Treasury Committees. Nick will succeed Kevin Beeston as Senior Independent Director on 1 May 2025. Nick has also been appointed to the Board of Severn Trent Water Limited. Nick is currently Chief Executive Officer of Tate & Lyle Plc, a position to which he was appointed in 2018 having served as Chief Financial Officer since 2014. Prior to joining Tate & Lyle Plc, Nick held a number of senior financial, commercial and operational roles at PepsiCo Inc., covering the UK and Ireland, Europe, Africa and the Middle East. Nick brings to the Board extensive experience in general management, finance, investor relations, strategy and M&A, information systems and procurement. Nick also has significant Non-Executive experience and he is currently Senior Independent Director of Great Portland Estates Plc, where he has served on the Board since October 2016. Announcement • May 25
Severn Trent PLC Proposes a Final Ordinary Dividend for the Year 2023/24, Payable on 17 July 2024 The Board of Severn Trent PLC proposed a final ordinary dividend of 70.10 pence for 2023/24 (2022/23: 64.09 pence). This gives a total ordinary dividend for the year of 116.84 pence (2022/23: 106.82 pence). The final ordinary dividend is payable on 17 July 2024 to shareholders on the register at 31 May 2024. Declared Dividend • May 25
Final dividend increased to UK£0.70 Dividend of UK£0.70 is 9.4% higher than last year. Ex-date: 30th May 2024 Payment date: 17th July 2024 Dividend yield will be 4.8%, which is higher than the industry average of 3.7%. Sustainability & Growth Dividend is not covered by earnings (169% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 88% to bring the payout ratio under control. EPS is expected to grow by 80% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • May 24
Severn Trent PLC to Report Fiscal Year 2024 Results on May 22, 2024 Severn Trent PLC announced that they will report fiscal year 2024 results at 7:00 AM, Coordinated Universal Time on May 22, 2024 Reported Earnings • May 23
Full year 2024 earnings released: EPS: UK£0.51 (vs UK£0.53 in FY 2023) Full year 2024 results: EPS: UK£0.51. Revenue: UK£2.34b (up 8.0% from FY 2023). Net income: UK£140.2m (up 6.1% from FY 2023). Profit margin: 6.0% (down from 6.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Global Water Utilities industry. Announcement • May 23
Severn Trent PLC to Report First Half, 2025 Results on Nov 20, 2024 Severn Trent PLC announced that they will report first half, 2025 results on Nov 20, 2024 Announcement • May 17
Severn Trent plc Announces Termination of Gillian Veronica Sheldon as Director Severn Trent PLC announced termination of Mrs. Gillian Veronica Sheldon as Director. Date of termination is May 14, 2024. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Richard Taylor was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Mar 20
Severn Trent PLC Announces Executive Changes Severn Trent PLC announced that Richard Taylor has been appointed as a Non-Executive Director with effect from 1 April 2024. Richard has also been appointed as a member of the Treasury, Remuneration, Audit and Risk and Nominations Committees. Richard will succeed Gillian Sheldon as Chair of the Treasury Committee upon her retirement from the Board on 14 May 2024 in order to focus on her executive commitments, following her appointment as Managing Director and Vice-Chair of the UK investment banking division at Morgan Stanley. Richard has also been appointed to the Board of Severn Trent Water Limited. Richard brings extensive financial experience to the Company gained through his career in investment banking. He is currently Chair of Greenhill & Co International. Greenhill is an investment bank focused on providing financial advice globally on significant mergers and acquisitions, restructuring, financing and capital advisory to companies and other organisations. Greenhill was acquired by, and became part of, Mizuho Financial Group in 2023. Prior to joining Greenhill in 2020, Richard was Chairman of Global Corporate and Investment Banking at Barclays Plc, where he had been since 2011. Prior to joining Barclays, Richard spent nearly 11 years at Bank of America Merrill Lynch, where he was Head of UK and Ireland Corporate and Investment Banking. Richard brings experience of organizations with strong social purpose, in particular through his roles as Trustee of Teach First and Board member of The Sutton Trust. Richard holds an engineering degree and is a Fellow of the Institute of Chartered Accountants of England and Wales. Announcement • Dec 01
Severn Trent plc Announces Resignation of Gillian Sheldon as Non-Executive Director The Board of Severn Trent Plc (the 'Company') announces that Gillian Sheldon, Non-Executive Director, has informed the Board of her intention to step down as Non-Executive Director of the Company at the forthcoming AGM in July 2024, in order to focus on her executive commitments, having recently been appointed Managing Director and Vice-Chair of the UK investment banking division at Morgan Stanley. Gillian Sheldon is a Non-Executive Director of the Company, Chair of the Treasury Committee, and member of the Audit and Risk Committee, Nominations Committee and Remuneration Committee. To ensure a smooth transition, Gillian will remain as Non-Executive Director while the selection process for a replacement Non-Executive Director is underway. Reported Earnings • Nov 25
First half 2024 earnings released: EPS: UK£0.20 (vs UK£0.31 in 1H 2023) First half 2024 results: EPS: UK£0.20 (down from UK£0.31 in 1H 2023). Revenue: UK£1.17b (up 9.7% from 1H 2023). Net income: UK£51.6m (down 35% from 1H 2023). Profit margin: 4.4% (down from 7.4% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. New Risk • Nov 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.6% Last year net profit margin: 8.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 256% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (4.6% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Announcement • Nov 23
Severn Trent PLC, Annual General Meeting, Jul 11, 2024 Severn Trent PLC, Annual General Meeting, Jul 11, 2024. Announcement • Nov 22
Severn Trent PLC Declares Interim Ordinary Dividend, Payable on 10 January 2024 and Provides Dividend Guidance for the Year 2023/24 Severn Trent PLC declared an interim ordinary dividend of 46.74 pence per share (2022/23: 42.73 pence per share), which will be paid on 10 January 2024 to shareholders on the register at 1 December 2023 and Ex-dividend date (Interim) of 30 November 2023.The company's 2023/24 dividend of 116.84 pence against 106.82 pence per share, in line with the company's policy of annual growth by CPIH. New Risk • Oct 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 203% Dividend per share is over 33x cash flows per share. Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). Announcement • Oct 01
Severn Trent PLC has completed a Follow-on Equity Offering in the amount of £1 billion. Severn Trent PLC has completed a Follow-on Equity Offering in the amount of £1 billion.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 22,922,277
Price\Range: £21.5
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 320,750
Price\Range: £21.5
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,268,601
Price\Range: £21.5
Transaction Features: Regulation S New Risk • Oct 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 203% Dividend per share is over 33x cash flows per share. Minor Risk Shareholders have been diluted in the past year (19% increase in shares outstanding). New Risk • Jun 25
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: UK£1.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 203% Dividend per share is over 28x cash flows per share. Minor Risk Significant insider selling over the past 3 months (UK£1.1m sold). Recent Insider Transactions • Jun 24
CFO & Executive Director recently sold UK£1.1m worth of stock On the 19th of June, James Bowling sold around 40k shares on-market at roughly UK£27.09 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Announcement • Jun 09
Severn Trent PLC Announces Board Changes The board of Severn Trent Plc announced that John Coghlan, Independent Non-Executive Director, member of the Nominations and Treasury Committees, and Chair of the Audit and Risk Committee, will retire from the Board on 31 December 2023. John has served on the board for nine years and has agreed to remain on the Board for a short period to facilitate the orderly transition of his role as Chair of the Audit and Risk Committee to his successor. John will be succeeded as Chair of the Audit and Risk Committee by Sarah Legg who joined the Board as an Independent Non-Executive Director on 1 November 2022 and who has been a member of the Nominations, Audit and Risk, Treasury, and Corporate Sustainability Committees since her appointment. Reported Earnings • May 25
Full year 2023 earnings released: EPS: UK£0.53 (vs UK£0.35 loss in FY 2022) Full year 2023 results: EPS: UK£0.53 (up from UK£0.35 loss in FY 2022). Revenue: UK£2.17b (up 11% from FY 2022). Net income: UK£132.2m (up UK£219.4m from FY 2022). Profit margin: 6.1% (up from net loss in FY 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 25
Severn Trent PLC Proposes Final Dividend for the Year Ended 31 March 2023, Payable on 14 July 2023 The Board of Severn Trent PLC has proposed a final ordinary dividend of 64.09 pence per share for the year ended 31 March 2023 (2021/22: 61.28 pence per share). This gives a total ordinary dividend for the year of 106.82 pence (2021/22: 102.14 pence). The final ordinary dividend is payable on 14 July 2023 to shareholders on the register at 2 June 2023. Board Change • May 01
High number of new directors CFO & Executive Director Helen Miles was the last director to join the board, commencing their role in 2023. Recent Insider Transactions • Jan 16
Insider recently sold UK£100k worth of stock On the 13th of January, Helen Miles sold around 4k shares on-market at roughly UK£27.60 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought UK£35k more than they sold in the last 12 months. Board Change • Dec 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Sarah Catherine Legg was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 23
First half 2023 earnings released: EPS: UK£0.31 (vs UK£0.73 loss in 1H 2022) First half 2023 results: EPS: UK£0.31 (up from UK£0.73 loss in 1H 2022). Revenue: UK£1.06b (up 10% from 1H 2022). Net income: UK£78.8m (up UK£258.8m from 1H 2022). Profit margin: 7.4% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Global Water Utilities industry. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Nov 23
Severn Trent Plc to Report Fiscal Year 2023 Results on May 24, 2023 Severn Trent Plc announced that they will report fiscal year 2023 results on May 24, 2023 Announcement • Nov 12
Severn Trent Plc, Annual General Meeting, Jul 06, 2023 Severn Trent Plc, Annual General Meeting, Jul 06, 2023. Reported Earnings • May 27
Full year 2022 earnings released: UK£0.35 loss per share (vs UK£0.89 profit in FY 2021) Full year 2022 results: UK£0.35 loss per share (down from UK£0.89 profit in FY 2021). Revenue: UK£1.95b (up 6.6% from FY 2021). Net loss: UK£87.2m (down 141% from profit in FY 2021). Over the next year, revenue is forecast to grow 9.6%, compared to a 4.6% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Executive Departure • Jul 15
Independent Non-Executive Director Dominique J. Reiniche has left the company On the 8th of July, Dominique J. Reiniche's tenure as Independent Non-Executive Director ended after 5.0 years in the role. As of March 2021, Dominique J. still personally held only 400.00 shares (UK£9.2k worth at the time). Dominique J. is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.58 years. Reported Earnings • Jun 08
Full year 2021 earnings released: EPS UK£0.89 (vs UK£0.67 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£1.83b (down 1.3% from FY 2020). Net income: UK£212.2m (up 34% from FY 2020). Profit margin: 12% (up from 8.6% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • May 21
Full year 2021 earnings released: EPS UK£0.89 (vs UK£0.67 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: UK£1.83b (down 1.3% from FY 2020). Net income: UK£212.2m (up 34% from FY 2020). Profit margin: 12% (up from 8.6% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 26
New 90-day low: UK£21.54 The company is down 9.0% from its price of UK£23.80 on 27 November 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£20.94 per share. Is New 90 Day High Low • Feb 08
New 90-day low: UK£22.70 The company is down 9.0% from its price of UK£24.84 on 10 November 2020. The British market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£21.60 per share. Is New 90 Day High Low • Dec 24
New 90-day low: UK£22.76 The company is down 8.0% from its price of UK£24.66 on 25 September 2020. The British market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£16.38 per share. Is New 90 Day High Low • Dec 04
New 90-day low: UK£23.02 The company is down 2.0% from its price of UK£23.56 on 04 September 2020. The British market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Water Utilities industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is UK£13.53 per share. Analyst Estimate Surprise Post Earnings • Dec 01
Revenue misses expectations Revenue missed analyst estimates by 2.8%. Over the next year, revenue is expected to shrink by 1.3% compared to a 9.3% growth forecast for the Water Utilities industry in the United Kingdom. Reported Earnings • Dec 01
First half 2021 earnings released: EPS UK£0.43 The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: UK£887.6m (down 3.1% from 1H 2020). Net income: UK£101.7m (down 31% from 1H 2020). Profit margin: 12% (down from 16% in 1H 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. 
