SSE PLC/S Declares Semi-Annual Dividend of $0.35 (SSEZY)

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SSE PLC/S (OTCMKTS:SSEZY) announced a Semi-Annual dividend on Wednesday, January 2nd, Zacks reports. Shareholders of record on Friday, January 18th will be paid a dividend of 0.354 per share by the technology company on Friday, March 22nd. The ex-dividend date of this dividend is Thursday, January 17th.

SSE PLC/S stock opened at $14.96 on Friday. The company has a market capitalization of $14.65 billion, a PE ratio of 9.29, a P/E/G ratio of 1.12 and a beta of 0.64. SSE PLC/S has a 12-month low of $12.88 and a 12-month high of $19.66.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of SSE PLC/S from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Saturday, September 15th. Deutsche Bank upgraded shares of SSE PLC/S from a “sell” rating to a “buy” rating in a report on Wednesday, September 19th. Credit Suisse Group reiterated an “outperform” rating on shares of SSE PLC/S in a report on Thursday. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of SSE PLC/S in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. SSE PLC/S has an average rating of “Buy” and a consensus price target of $16.00.

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SSE PLC/S Company Profile

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 gas, oil, coal, water, and wind. The company transmits and distributes electricity to approximately 3.7 million homes and businesses across the north of the central belt of Scotland and also central southern England; owns and maintains 132 kilovolts (KV), 275kV, and 400kV electricity transmission network; and manages 130,000 kilometers of overhead lines and underground cables, 106,000 substations, and approximately 100 subsea cables.

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