Phil Oakley 

SSE – a lesson in dividend safety

Phil Oakley

SSE – a lesson in dividend safety

SSE (SSE), formerly known as Scottish & Southern Energy, has been one of the most dependable dividend-paying shares in the UK utilities sector since it was privatised nearly 30 years ago. It has increased its dividend to shareholders every year since then, but in recent years the company has got itself into a mess. So much so that its days of increasing its dividend every year by at least the rate of inflation are over.

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