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The latest update is out from SSE ( (GB:SSE) ).
SSE plc announced that 23,080 shareholders have opted to receive their final dividend for the year ending 31 March 2025 in the form of a Scrip dividend, covering 58,951,063 ordinary shares. This decision reduces the company’s cash dividend funding by £25,348,957. The Scrip dividend uptake was 9.7%, below the 25% cap, so no share buy-back will occur. Consequently, 1,369,268 new ordinary shares will be issued, increasing the issued share capital by 0.12%. This move reflects SSE’s strategic approach to managing its financial resources and shareholder value.
The most recent analyst rating on (GB:SSE) stock is a Buy with a £1973.00 price target. To see the full list of analyst forecasts on SSE stock, see the GB:SSE Stock Forecast page.
Spark’s Take on GB:SSE Stock
According to Spark, TipRanks’ AI Analyst, GB:SSE is a Outperform.
SSE’s overall stock score reflects a combination of strong earnings growth and positive future guidance from the earnings call, balanced by mixed financial performance and neutral technical indicators. The valuation is fair, supported by a solid dividend yield. The most significant factors are the positive earnings call and fair valuation, while financial performance and technical analysis present areas for caution.
To see Spark’s full report on GB:SSE stock, click here.
More about SSE
SSE plc operates in the energy sector, focusing on electricity generation, transmission, and distribution. The company is known for its commitment to sustainable energy solutions and serves a diverse market, including residential, commercial, and industrial customers.
Average Trading Volume: 3,012,173
Technical Sentiment Signal: Strong Buy
Current Market Cap: £19.64B
Learn more about SSE stock on TipRanks’ Stock Analysis page.