SSE to maintain dividend pay-out above rate of inflation

30th Sep 2013 14:00

As a part of the entry into its close period ahead of the release of its interim results on Wednesday 13th, utility group SSE indicated that it will continue to exercise the operational and financial discipline necessary to enable it to deliver an above-inflation increase in the company´s dividend for this financial year and beyond. The company´s Finance Director, Gregor Alexander, indicated that the firm will continue to benefit from maintaining a balanced range of energy businesses, illustrated by again meeting the criteria for a single-A credit rating. "Despite the intensifying political debate, we will maintain our operational and financial discipline, to enable us to deliver an above-inflation increase in the dividend for this financial year and beyond," he said in the company´s regulatory statement. As of 13:59 shares of SSE were rising by 1.02% to the 1,483p mark. AB