SSE customers cut back on gas and electricity usage

Utility stock SSE looks set to remain a favourite of income investors as it reaffirmed its intention to increase its full year dividend by at least a couple of percentage points above the year-on-year change in the UK Retail Price Index (RPI).

Utility stock SSE looks set to remain a favourite of income investors as it reaffirmed its intention to increase its full year dividend by at least a couple of percentage points above the year-on-year change in the UK Retail Price Index (RPI).

To save you doing the maths, SSE said that would indicate a full year dividend of around 80p, up from the 75p paid in respect of the year to March 31st, 2011. Market consensus is for a divi this year of 79.42p.

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