SSE (SSE)

Sector:

Electricity Generation and Distribution

Index:

FTSE 100

1,650.00p
   
  • Change Today:
    -8.00p
  • 52 Week High: 1,900.00
  • 52 Week Low: 1,508.00
  • Currency: UK Pounds
  • Shares Issued: 1,093.43m
  • Volume: 1,634,977
  • Market Cap: £18,042m
  • RiskGrade: 133

SSE says Covid-19 impact still in line with guidance; Plans interim divi

By Frank Prenesti

Date: Thursday 16 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Energy company SSE said it still intended to declare a dividend in November as the impact of Covid-19 on the business remained in line with expectations during the first three months of the fiscal year.
The company on Thursday said it would proceed with plans to invest £7.5bn in low-carbon projects over the next five years.

It maintained guidance for a £150m - £250m hit to operating profits and a 24.4p a share payout.

"SSE's dividend provides income for people's pensions and savings and is particularly vital given the economic consequences of the coronavirus pandemic," the company said on Thursday.

The company added that it continued to target delivery of its five-year dividend plan to 2022/23, including an 80p + RPI full-year payout for 2020/21.

"Whilst the wider economic implication of the coronavirus continues to impact on the business, we've been... progressing our 7.5 billion pound capex plan of low-carbon investments, primarily in renewables and electricity networks," the company said in a trading update.

SSE switched to renewable power generation and networks after selling its energy supply and services unit to OVO Energy at the start of 2020 in a £500m deal.

It reported a 15% fall in planned electricity output of 364GWh from renewable sources in the quarter to June 30 due to weather conditions.

Total renewables output for the period was 1,988 GWh, compared to 1,879 GWh in the same period in 2019, but behind the planned total renewables output during the period this year of 2,352 GWh.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Scottish & Southern Market Data

Currency UK Pounds
Share Price 1,650.00p
Change Today -8.00p
% Change -0.48 %
52 Week High 1,900.00
52 Week Low 1,508.00
Volume 1,634,977
Shares Issued 1,093.43m
Market Cap £18,042m
RiskGrade 133

Scottish & Southern Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
33.07% below the market average33.07% below the market average33.07% below the market average33.07% below the market average33.07% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Price Trend
13.14% above the market average13.14% above the market average13.14% above the market average13.14% above the market average13.14% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Income Not Available
Growth
74.91% above the market average74.91% above the market average74.91% above the market average74.91% above the market average74.91% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 6
Buy 7
Neutral 4
Sell 0
Strong Sell 0
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Scottish & Southern Dividends

  Latest Previous
  Interim Final
Ex-Div 11-Jan-24 27-Jul-23
Paid 08-Mar-24 21-Sep-23
Amount 20.00p 67.70p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 1,054,657 @ 1,650.00p
16:35 2,413 @ 1,650.00p
16:35 2,161 @ 1,650.00p
16:35 266 @ 1,650.00p
16:35 2,032 @ 1,650.00p

Scottish & Southern Key Personnel

CEO Alistair Phillips-Davies

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