Severn Trent PLC SVT shares slid 1.89% to £24.37 Friday, on what proved to be an all-around dismal trading session for the stock market, with the FTSE 100 Index UKX falling 0.73% to 8,502.35.

Severn Trent has said it plans to hand shareholders a higher dividend for the next year, as trading remains in line with targets. This is despite its average customer's yearly water bill being set to increase by an average of 47% over the next five years,

The water company, which serves about eight million people across the Midlands and Wales, expects to pay a 126.02p per share dividend to shareholders in the 2025/26 financial year.

Severn Trent PLC SVT shares inched up 0.49% to £24.84 Thursday, on what proved to be an all-around positive trading session for the stock market, with the FTSE 100 Index UKX rising 0.23% to 8,565.20.