SSE increases its 2018 interim dividend by 3.6%

DividendMax Ltd.

SSE increases its 2018 interim dividend by 3.6%

SSE 2018 Interim results

Interim dividend up 3.6% to 28.4p;

Adjusted earnings per share down 8.8 % to 31.2p;

Adjusted operating profit down 8.0% to £586.2m;

Adjusted profit before tax down 13.9% to £409.6m;

Investment and capital expenditure was slightly lower at £779.5m;

Adjusted net debt and hybrid capital increased by 9.0% to £9.2bn in the six months to  30 September 2017;

On market share buy backs totalling £270.5m were made in the six months to 30 September 2017, following £131.5m of share buy backs in the previous financial year;

Reported operating profit down 30.9% to £549.4m;

Reported profit before tax down 40.4% to £402.2m; and

Reported earnings per share down 43.9% to 29.8p.

Companies mentioned