SSE was a Tempus top pick for 2021 and this column has rated it a “buy” since May 2019. In that time, the shares have climbed by 48 per cent.
The investment case is based on the reliable income stream from the FTSE 100 energy supplier’s dividend and the clear strategy to move away from fossil fuels and into renewables.
Both elements were on show yesterday when SSE reported results for the year to the end of March. It will make a final payout of 81p and “remains committed” to its five-year plan to pay dividends that increase in line with RPI inflation until 2023.
SSE also plans to start the sale this summer of its 33 per cent stake in SGN, which supplies gas
