Scottish and Southern Energy Plc
Utility SSE plc, formerly Scottish and Southern Energy is involved in the generation of electricity, transmission, distribution and supply; electricity, gas and telecoms networks; and other energy-related services, such as gas storage, contracting, connections and metering.
Latest: Comparing National Grid's dividends with SSE's
What about SSE Plc?
SSE is the second largest electricity generator across Britain and Ireland and owns half the Scotland and Southern gas distribution networks. It provides electricity and gas to more than nine million people.
Scottish and Southern Energy owns around 10,700 megawatt of electricity generation capacity in the United Kingdom and Ireland, consisting around: 4,500 megawatt of gas- and oil-fired capacity; 4,000 megawatt of coal-fired capacity (with biomass co-firing capability) and 2,200 megawatt of hydro, wind and dedicated biomass capacity.
SSE enjoys predictable revenues and earnings, which enables high levels of debt to be serviced. They also offer some of the most stable dividend distributions around.
And what about SSE Dividend Record?
Since flotation in 1991 dividends have consistently grown above inflation rate which is stupendously good for a defensive utility. This has been achieved whilst maintaining one of the more conservative balance sheet in the sector.
The simple declared company strategy is to raise the dividend well in excess of inflation, and everything Scottish and Southern Energy does is applied with this objective in mind.
The Group is one of just seven FTSE 100 companies to have
delivered above-inflation dividend growth in each and every year since 1999.
In its full-year results for 2009/10, the company reiterated the primacy of the dividend. Chairman Lord Smith of Kelvin said,
"Our first responsibility to shareholders is to deliver sustained real growth in the dividend."
Selected SSE newsflow
With the release of its half year results, on November 10th, 2010, despite challenging gas conditions and declining half year results, SSE confidently re-confirmed its stated new dividend policy of above inflation dividend growth.
On July 22nd, 2010, Scottish and Southern Energy, issued a trading update for the period since April 1st, 2010, confirming that the group remains on course to deliver its dividend growth targets in the years ahead and, specifically:
"… to deliver a dividend increase of at least 2% more than RPI inflation in respect of 2010/11, while maintaining a dividend cover consistent with its established range."
On May 19th, 2010, Scottish and Southern Energy issued its final results and announced also a new dividend policy for the next three years to 2013
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WE WOULD LIKE TO POINT OUT, THAT:
1.√the above mentioned Dividend Updates are solely examples of a UK listed company's future dividend intentions and is not to be construed as a share recommendation. Neither Early Retirement Investor nor EMAR Publishing are registered as an investment advisor or as an independent financial advisor and do not provide individualised advice
2.√the price of shares and investments and the income derived from them can go down as well as up, and investors may not get back the amount they invested
3.√where the information consists of pricing or performance data, the data contained therein has been obtained from company reports, financial reporting services, periodicals, and other sources believed reliable
4.√data computations are not guaranteed by Early Retirement Investor.com or any of the data providers and may not be complete.
5.√The editor or contributors may have an interest in the share mentioned.
6.√Dividend yields move up and down. As a company’s share price increases the dividend yield falls. And vice versa: if the share price falls the dividend yield increases.
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