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.
The 50-day moving average for SSEZY moved below the 200-day moving average on September 15, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
The Momentum Indicator moved below the 0 level on September 25, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SSEZY as a result. In of 86 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 September 27, 2023. 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 .
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 September 15, 2023. 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 RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SSEZY's RSI Oscillator exited the oversold zone, of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near 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 321 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.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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.
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 76, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (1.577). P/E Ratio (19.231) is within average values for comparable stocks, (21.315). Projected Growth (PEG Ratio) (3.199) is also within normal values, averaging (2.486). Dividend Yield (0.055) settles around the average of (0.052) among similar stocks. P/S Ratio (1.436) is also within normal values, averaging (3.189).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SSEZY’s price grows at a higher 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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows