Whilst paying their shareholders 70 million in dividends
It is so important that we include all payments to capital rather than being blinkered into only seeing dividends. Yorkshire water paid £360.9m in interest to creditors in 2022/23.
It is such BS when a regulated company does an equity to debt conversion (as the water companies have done), and then claim that they subsequently aren't extracting much as dividends. Of course they aren't because they now take it out by way of interest payments.