$SSE (SSEZY) to Pay Dividends on September 28, 2023: A Financial Snapshot
SSE (SSEZY), a leading energy company, is set to pay dividends on September 28, 2023. In what appears to be an attractive yield for shareholders, a dividend of $0.84 per share will be paid. This is an important event that needs to be watched closely by investors, as dividend payments often reflect a company's profitability and financial health.
It's crucial for investors to note the record date, which is the cut-off point at which shareholders must be registered to receive the upcoming dividend. In SSE's case, this date is set for September 28, 2023. Moreover, the ex-dividend date, which is typically a few business days before the record date, has been announced as July 27, 2023.
To clarify, the ex-dividend date is a significant milestone. If a stock is purchased on or after the ex-dividend date, the next dividend payment will not be received by the buyer. Instead, it will be repossessed by the seller. Therefore, those wishing to receive this $0.84 dividend need to ensure that they hold SSE shares prior to July 27, 2023.
For context, the last dividend paid by SSE was $0.34 per share on March 16, 2023. This indicates a significant increase in the upcoming dividend, more than doubling the previous payout. Such an increase could potentially signal robust financial performance or a strategic move by the company to increase returns to shareholders.
This significant increase in the dividend payout may also signal SSE's confidence in its future earnings and financial stability. A higher dividend payout can indicate strong current performance and the expectation of robust future earnings, which may attract new investors while retaining existing ones.
However, investors should not rely solely on the dividend yield when evaluating a company. A thorough analysis of the company's earnings, financial health, and market conditions is also important. It's crucial to look beyond the dividend yield and understand what's driving the company's ability to maintain or increase its dividend payments.
The upcoming dividend payment by SSE could present an attractive opportunity for income-seeking investors. However, it's crucial for those interested in benefiting from this dividend to purchase the shares before the ex-dividend date on July 27, 2023. As always, potential investors should perform a comprehensive analysis of the company before making any investment decisions.
SSEZY's RSI Indicator ascends from oversold territory
The RSI Oscillator for SSEZY moved out of oversold territory on October 28, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 23 similar instances when the indicator left oversold territory. In of the 23 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SSEZY advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
SSEZY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 24, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SSEZY as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SSEZY turned negative on October 22, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .
SSEZY moved below its 50-day moving average on October 02, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for SSEZY crossed bearishly below the 50-day moving average on October 09, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SSEZY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for SSEZY entered a downward trend on October 18, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.735) is normal, around the industry mean (1.714). P/E Ratio (19.231) is within average values for comparable stocks, (23.466). Projected Growth (PEG Ratio) (3.199) is also within normal values, averaging (2.620). Dividend Yield (0.055) settles around the average of (0.074) among similar stocks. P/S Ratio (1.436) is also within normal values, averaging (3.109).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SSEZY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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Industry ElectricUtilities