SSE have announced an intention to recommend a final dividend of 56.6p per share for payment on 23 September 2021, representing an average annual RPI rate of 1.2%, making a full-year dividend of 81.0p per share.
Other financial highlights include:
Adjusted operating profit up 1% to £1,506.5m / Reported operating profit up 185% to £2,743.5m
Adjusted profit before tax up 4% to £1,064.9m / Reported profit before tax up 328% to £2,516.4m
Coronavirus impact on operating profit estimated at £170m, towards the lower end of the guided range and reflected within adjusted and reported results
Adjusted earnings per share up 5% to 87.5p, within the expected 85p - 90p range
Reported earnings per share increased to 215.7p
Adjusted investment and capital expenditure of £912.0m, after project finance development expenditure refunds of £428.6m.
Disposal programme of non-core assets announced in June 2020 has delivered £877.6m of exceptional net gains on disposal during the period and over £1.4bn of cash proceeds to date.
Adjusted net debt and hybrid capital at £8.9bn, down 15% on prior year, with £1.5bn of bonds and over £1bn of hybrid bonds issued in the year increasing average debt maturity to 7.4 years.