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The regulator has allowed NATS to make that profit only to fund the investment programme.
Could you expand on your statement that the Regulator only allows NATS to make a profit in order to fund the investment program.
If your statement is factually correct then how is NATS allowed to pass on profits as dividend payments to shareholders?
A dividend is a part of the company's profits that is given to shareholders.
Paying dividends and paying tax | Business Link
Dividends are payments made by a corporation to its shareholder members. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be paid to the shareholders as a dividend.