UK watchdog fines Thames Water $23 million for breaking dividend rules
Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026

Ofwat fines Thames Water £18 million for breaking dividend rules, marking the first regulatory action linking payouts to performance.
(Reuters) - British regulator Ofwat said on Thursday it plans to fine Thames Water 18 million pounds ($22.67 million) for breaking dividend payment rules, the first time the watchdog is taking action against water firms that do not link payouts to performance.
The water regulator said Thames Water made interim dividend payouts totalling 37.5 million pounds to its holding company, Thames Water Utilities Holdings Limited, in October last year and further payouts of about 158.3 million pounds in March 2024.
($1 = 0.7939 pounds)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Abinaya Vijayaraghavan)
The main topic is the £18 million fine imposed on Thames Water by Ofwat for breaking dividend payment rules.
Thames Water was fined for making dividend payouts not linked to performance, breaching Ofwat's rules.
Ofwat is the UK's water regulator responsible for ensuring water companies comply with regulations.
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