South East Water insisted its dividend was down on the £4.5million paid out a year earlier and was lower than Ofwat s view of what is a reasonable nominal dividend yield.
South East Water pays out £2.3m in dividends amid widened losses and Ofwat probe johnogroat-journal.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from johnogroat-journal.co.uk Daily Mail and Mail on Sunday newspapers.
In the latest setback for the industry, South East Water saw its loss before tax widen to £18.1m from £12.7m in the six months to the end of September.