SSE plc (SSE.L) (LON:SSE) announced a dividend on Wednesday, November 18th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 14th will be paid a dividend of GBX 24.40 ($0.32) per share on Thursday, March 11th. This represents a dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, January 14th. The official announcement can be viewed at this link.
Shares of LON SSE opened at GBX 1,365.50 ($17.84) on Friday. The company has a 50 day simple moving average of GBX 1,320.05 and a 200-day simple moving average of GBX 1,293.40. The company has a market capitalization of $13.40 billion and a P/E ratio of -243.28. The company has a debt-to-equity ratio of 217.93, a current ratio of 0.67 and a quick ratio of 0.30. SSE plc has a 1 year low of GBX 1,057.50 ($13.82) and a 1 year high of GBX 1,703 ($22.25).
A number of brokerages have recently issued reports on SSE. The Goldman Sachs Group raised their price target on shares of SSE plc (SSE.L) from GBX 1,483 ($19.38) to GBX 1,536 ($20.07) and gave the stock a “buy” rating in a report on Thursday, July 23rd. UBS Group reaffirmed a “neutral” rating and set a GBX 1,300 ($16.98) price objective (up previously from GBX 1,250 ($16.33)) on shares of SSE plc (SSE.L) in a research report on Thursday, July 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. SSE plc (SSE.L) presently has a consensus rating of “Hold” and a consensus price target of GBX 1,430.14 ($18.68).
SSE plc engages in the generation, transmission, distribution, and supply of electricity. The company operates through three segments: Wholesale, Networks, and Retail. It generates electricity from water, 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 also central southern England; and owns and operates 132 kilovolts (KV), 275kV, and 400kV electricity transmission network using high voltage overhead lines, and underground and subsea cables.
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