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  • apparently you can just take on debt and use that to pay dividends:

    debt:
    Thames Water: £11.7bn
    United Utilities: £7.5bn
    Anglian Water: £7.2bn
    Severn Trent Water: £6.2bn
    South West Water: £4.8bn
    Yorkshire Water: £4.3bn
    Northumbrian Water: £2.9bn
    Wessex Water: £2.1bn
    Southern Water: £2.1bn

    dividends:
    Anglian Water: £5.1bn
    United Utilities: £3.1bn
    Severn Trent Water: £2.3bn
    Thames Water: £1.9bn
    South West: £1.5bn
    Yorkshire Water: £1.4bn
    Northumbrian Water: £1.4bn
    Wessex Water: £1.2bn
    Southern Water: £902m

    apologies for the off topic interlude.

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