SSE PLC (OTCMKTS:SSEZY) Declares Dividend Increase - $0.54 Per Share

SSE PLC (OTCMKTS:SSEZY - Get Free Report) announced a dividend on Thursday, July 17th, investing.com reports. Shareholders of record on Monday, July 28th will be given a dividend of 0.537 per share by the technology company on Thursday, September 25th. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, July 25th. This is a 102.1% increase from SSE's previous dividend of $0.27.

SSE Stock Down 0.5%

Shares of SSE stock traded down $0.12 on Thursday, hitting $25.20. 45,025 shares of the company's stock traded hands, compared to its average volume of 78,757. The company has a fifty day moving average of $24.61 and a two-hundred day moving average of $21.79. SSE has a one year low of $18.60 and a one year high of $27.01. The company has a quick ratio of 0.91, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

Analyst Ratings Changes

A number of analysts recently commented on SSEZY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of SSE in a research report on Friday, May 23rd. Royal Bank Of Canada reissued an "outperform" rating on shares of SSE in a report on Thursday, March 27th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy".

SSE Company Profile

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from 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 central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.