SSE To Raise Fiscal Year Dividend By 3% After Solid Performance
January 23 2014 - 3:04AM
Dow Jones News
By Rory Gallivan
LONDON--Gas and electricity supplier SSE PLC (SSE.LN) Thursday
reported a solid performance so far in the year ending March 31 and
said it expects to increase its dividend for the year by 3% on the
previous year on adjusted earnings per share expected to rise by
between 2% and 4%.
"Despite what is clearly a difficult business environment, the
overall performance of the company has been solid in 2013/14 and
the efforts of employees, shown recently in the response to the
Christmas week storms, have been excellent," Chief Executive
Officer Alistair Phillips-Davies said.
"It is encouraging that SSE is on course to deliver real growth
in the dividend and increases in adjusted earnings per share and
adjusted profit before tax," he added.
-Shares closed Wednesday at 1,317 pence valuing the company at
GBP12.73 billion ($21 billion).
-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter:
@RoryGallivan
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