SSE promises lift in full-year dividend

SCOTTISH & Southern Energy (SSE), one of the UK’s biggest utilities, said it plans to raise its full-year dividend by at least six per cent and expects its annual profit to be in line with market estimates.

In a pre-close statement the Perth, Scotland-based company said it would declare a dividend of at least 74.5p, some two per cent above Retail Price Index (RPI) inflation. It declared a full-year dividend of 70p last year.

Shares in the group were up 6p yesterday at 1,268p.