Markets

SSE Continues To Target Delivery Of 5-Yr Dividend Plan To 2022/23

(RTTNews) - SSE Plc (SSE.L) announced on Thursday that it continues to target delivery of its five-year dividend plan to 2022/23, including an 80p + RPI full-year dividend for 2020/21.

Further, the company plans to declare a 24.4p interim dividend in November 2020 for payment in March 2021, based on an estimated RPI of 1.5%.

Alistair Phillips-Davies, Chief Executive of SSE, said, "...Whilst the wider economic implication of the coronavirus continues to impact on the business, we've been investing in the green economic recovery and progressing our £7.5 billion capex plan of low-carbon investments, primarily in renewables and electricity networks..."

The company expects 2020/21 operating profit to be in the range of £150 million - £250 million, before mitigation.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More