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

SSE plc (LON:SSE) declared a dividend on Wednesday, May 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 25th will be paid a dividend of GBX 40 ($0.51) per share on Thursday, September 19th. This represents a dividend yield of 2.22%. The ex-dividend date is Thursday, July 25th. This is a positive change from SSE’s previous dividend of $20.00. The official announcement can be accessed at this link.

SSE Price Performance

Shares of SSE stock opened at GBX 1,800 ($22.88) on Thursday. The company has a market capitalization of £19.62 billion, a PE ratio of 3,427.36, a price-to-earnings-growth ratio of 3.21 and a beta of 0.57. The firm has a fifty day simple moving average of GBX 1,680.79 and a 200-day simple moving average of GBX 1,718.39. The company has a current ratio of 0.91, a quick ratio of 0.50 and a debt-to-equity ratio of 84.31. SSE has a twelve month low of GBX 1,485 ($18.87) and a twelve month high of GBX 1,932.50 ($24.56).

Wall Street Analyst Weigh In

SSE has been the topic of several recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of SSE from GBX 2,050 ($26.05) to GBX 2,075 ($26.37) and gave the company an “overweight” rating in a report on Friday, April 12th. Berenberg Bank dropped their target price on shares of SSE from GBX 2,300 ($29.23) to GBX 2,000 ($25.42) and set a “buy” rating on the stock in a report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, SSE presently has an average rating of “Moderate Buy” and an average target price of GBX 1,959 ($24.90).

About SSE

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.