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Overseas railways shareholders get bumper dividends despite chaos


pellinore

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Posted (edited)

The bumper dividend was funded in part by the British taxpayer, who helped prop up the provider with over £2bn in financial backing to get through the pandemic.

Govia runs Thameslink, Southern, Great Northern and the Gatwick Express. Nearly a third of its trains failed to run on time in the most recent quarter and four per cent were cancelled, according to figures from the Office for Rail and Road (ORR).

In a statement, Govia said the dividends “reflect a build-up of reserves over nearly eight years of operation of GTR, between 2014 and 2022. Payment was delayed by the pandemic but has now been released following agreement with the Department for Transport.”

Govia dished out record £62m dividend despite rail strikes and delays (msn.com)

Edited by pellinore
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