Read more: Water firms prepare to flood watchdog with complaints after Ofwat ruling. Although the Kemble Water Finance Ltd group maintains an 18-month liquidity reserve, any prolonged stoppage of dividends from Thames Water would prevent Kemble Water from servicing its debt, absent equity contributions from its shareholders. DividendMax.com is owned and operated by DividendMax Ltd. Our premium tools have predicted Netcall plc with 28% accuracy. We do not allow any commercial relationship to affect our editorial independence. Shares fell 8p to 519p. The latest accounts of Thames reveals it paid the dividend in the past six months to its owner, investment funds run by the finance house Macquarie, which bought the company two years ago. How to invest in the new era of falling interest rates, How to profit from green energy, reducing waste and boosting recycling, How to get a near 6% yield by tapping into Asia's dividends: Henderson Far East Income's manager, The UK is cheap and shares could bounce back: Fund managers' tips on picking funds and trusts, How to find the best British companies to invest in and not worry about Brexit. How to invest in the new era of falling interest rates, How to profit from green energy, reducing waste and boosting recycling, How to get a near 6% yield by tapping into Asia's dividends: Henderson Far East Income's manager, The UK is cheap and shares could bounce back: Fund managers' tips on picking funds and trusts, How to find the best British companies to invest in and not worry about Brexit. But in that time Thames Water has been loaded with more than £10billion of debt. Can Britain keep its lockdown savings habit? Thames, Southern and Yorkshire Water all promised not to reward shareholders amid pressure from the watchdog to bolster their finances, cut bills and invest more in infrastructure. Please, The subscription details associated with this account need to be updated. The company was bought from its German owners RWE by Australian bank Macquarie in 2006, for around £8billion. We do not allow any commercial relationship to affect our editorial independence. The watchdog, led by former Anglian Water boss Jonson Cox, has slashed their maximum permitted return on capital from 3.19% to 2.96%. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. It said profits in the half-year to the end of September fell marginally to £195m. What next for Neil Woodford and his investors? Thames Water rewarded investors with £100m in dividends last year including £26m to Australian bank Macquarie and £10m to Abu Dhabi’s sovereign wealth fund. “Inter-company payments shown in the accounts are purely accounting charges to cover inter-group debt and office costs.”. Ofwat is also considering further enforcement action. Thames Water has said that no dividends will be paid to external shareholders for 2017/18 in order for the company to focus on improvements in operational … Plus growth, cover and dividend yield. They might be giants: Do US smaller companies still offer rich pickings? We are no longer accepting comments on this article.
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