SSE plc (LON:SSE) Announces Dividend Increase – GBX 40 Per Share

SSE plc (LON:SSE) declared a dividend on Wednesday, May 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 25th will be paid a dividend of GBX 40 ($0.52) per share on Thursday, September 19th. This represents a yield of 2.22%. The ex-dividend date of this dividend is Thursday, July 25th. This is an increase from SSE’s previous dividend of $20.00. The official announcement can be viewed at this link.

SSE Stock Down 0.2 %

LON:SSE opened at GBX 1,849.50 ($23.92) on Wednesday. SSE has a 52 week low of GBX 1,485 ($19.21) and a 52 week high of GBX 1,932.50 ($24.99). The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 84.31. The stock’s fifty day moving average is GBX 1,804.61 and its two-hundred day moving average is GBX 1,714.05. The stock has a market capitalization of £20.16 billion, a price-to-earnings ratio of 3,486.79, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SSE shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of SSE in a report on Friday, July 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,050 ($26.51) price objective on shares of SSE in a research note on Tuesday, May 28th.

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.