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SSE ( (GB:SSE) ) has shared an update.
SSE PLC announced that 23,582 shareholders have opted to receive their interim dividend for the year ending 31 March 2025 in the form of a Scrip dividend, translating to 21.2 pence per ordinary share. This decision will reduce the company’s interim dividend cash funding by £43.4 million and result in the issuance of 2,696,801 new ordinary shares, marking a slight increase in the company’s share capital. This move reflects SSE’s strategic approach to managing cash flow while modestly diluting existing shares, potentially impacting shareholder value and market perception.
More about SSE
SSE PLC operates in the energy sector, providing electricity and gas services, and focuses on delivering sustainable energy solutions. It is a prominent player in the UK and Ireland markets, aiming to enhance its renewable energy portfolio.
YTD Price Performance: 2.45%
Average Trading Volume: 3,166,020
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £17.77B
For detailed information about SSE stock, go to TipRanks’ Stock Analysis page.