SSE’s dividend success simply not sustainable, says GEORGE SALMON

SSE’s dividend success simply not sustainable, says GEORGE SALMON
 

The first was half year results, where operating profit fell 8 per cent to £586million, mostly due to an expected fall in profitability in the networks business.
This is the part of SSE that handles the delivery of electricity and gas to 3.7 million businesses, offices and homes.
The interim dividend rose 3.6 per cent to 28.4p, while the target of increasing the dividend by at least the rate of RPI inflation remains in place.
However, the main news was in the second announcement. SSE has reached an agreement with Npower owner Innogy to split off its consumer-facing division into a separate... read more

 
13 November 2017 in Business, Views: 34
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