United Utilities Group (UU.)

Sector:

Utilities

Index:

FTSE 100

1,060.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 1,061.50
  • 52 Week Low: 822.80
  • Currency: UK Pounds
  • Shares Issued: 955.90m
  • Volume: 928,551
  • Market Cap: £10,132m
  • RiskGrade: 118

United Utilities ups dividend as lower bills hit profit

By Sean Farrell

Date: Thursday 27 May 2021

LONDON (ShareCast) - (Sharecast News) - United Utilities raised its dividend in line with its policy as the water company reported a 21% drop in annual profit caused mainly by lower water bills.
Underlying profit after tax fell by £103m to £383m in the year to the end of March from a year earlier as revenue dropped to £1.81bn from £1.86bn.

The company said the drop in profit was in line with expectations. Reported operating profit fell to £602.1m from £630.3m.

United Utilities proposed a final dividend of 28.83p a share taking the annual payout to 43.24p - up 1.5% in line with consumer price inflation including housing costs. Return on regulated equity was 4.3%.

The FTSE 100 group said the drop in revenue was mainly the result of lower customer bills in the first year of the AMP7 arrangement agreed with its regulator. Covid-19 changed the pattern of consumption but a £47m decline in non-household revenue was offset by a £47m rise in household income from more time at home and the hot weather in spring 2020.

Chief Executive Steve Mogford said: "This great start to AMP7 provides a strong platform for us to deliver further good operational performance, play our full part in the economic recovery within the communities we serve and to continue to protect our natural environment"."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

United Utilities Market Data

Currency UK Pounds
Share Price 1,060.00p
Change Today 5.00p
% Change 0.47 %
52 Week High 1,061.50
52 Week Low 822.80
Volume 928,551
Shares Issued 955.90m
Market Cap £10,132m
RiskGrade 118

United Utilities Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.66% above the market average57.66% above the market average57.66% above the market average57.66% above the market average57.66% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
24.13% above the market average24.13% above the market average24.13% above the market average24.13% above the market average24.13% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
76.83% above the market average76.83% above the market average76.83% above the market average76.83% above the market average76.83% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
98.83% below the market average98.83% below the market average98.83% below the market average98.83% below the market average98.83% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 6
Sell 0
Strong Sell 4
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

United Utilities Dividends

  Latest Previous
  Final Interim
Ex-Div 24-Jun-21 17-Dec-20
Paid 02-Aug-21 01-Feb-21
Amount 28.83p 14.41p

Trades for 29-Jul-2021

Time Volume / Share Price
16:45 409 @ 1,060.00p
16:45 409 @ 1,060.00p
16:36 2,706 @ 1,060.00p
16:35 459,354 @ 1,060.00p
16:29 200 @ 1,060.20p

United Utilities Key Personnel

CEO Steven L Mogford
Chair David Higgins
CFO Phil Aspin

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