LONDON (Reuters) - British water and environmental services utility Pennon (L:PNN) reported a 1 percent rise in full-year core earnings on Wednesday, allowing it to pay shareholders a dividend of 31.8 pence per share, 5 percent above shareholder handouts last year.
The group, which acquired rival water supplier Bournemouth Water for 100.3 million pounds last month, saw core earnings of 411 million pounds, mainly thanks to higher profits at its Viridor recycling and waste management unit.
Pennon said it maintained its target to grow annual dividend by 4 percent above retail price inflation to 2020.