SSE PLC/S (OTCMKTS:SSEZY) to Issue $0.29 Semi-Annual Dividend

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SSE PLC/S (OTCMKTS:SSEZY) declared a Semi-Annual dividend on Friday, November 22nd, Zacks reports. Stockholders of record on Friday, January 17th will be paid a dividend of 0.29 per share by the technology company on Friday, March 20th. The ex-dividend date of this dividend is Thursday, January 16th.

SSE PLC/S stock opened at $18.74 on Tuesday. SSE PLC/S has a 52 week low of $12.75 and a 52 week high of $19.52. The business’s 50-day moving average price is $18.18 and its 200 day moving average price is $15.82.

Several analysts recently commented on the company. Zacks Investment Research lowered SSE PLC/S from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. HSBC raised SSE PLC/S from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Berenberg Bank lowered SSE PLC/S from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Goldman Sachs Group lowered SSE PLC/S from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. Finally, Credit Suisse Group lowered SSE PLC/S from an “outperform” rating to a “neutral” rating in a report on Monday, October 14th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. SSE PLC/S currently has a consensus rating of “Hold” and a consensus price target of $19.00.

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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