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SSE Full Year Profits, Dividend Rise

U.K. power utility SSE PLC (SSE.LN) Wednesday posted 1.41 billion pounds ($2.14 billion) in full-year headline profits, a more-than-5% increase over the previous year, and it raised its dividend by 5.1%."This ability to deliver consistently increases in the full-year dividend and in adjusted profit before tax shows the resilience inherent in its balanced model of economically-regulated and market-based energy businesses and the robustness of its strategy of focusing on operations and investments in each of those businesses," said Lord Smith of Kelvin, SSE's chairman.SSE, which supplies electricity and natural gas to around 10 million households, raised its full-year dividend by 5.1% compared with the previous year, to 84.2 pence per share.The company said it should be able to achieve an increase in the full-year dividend that is greater than RPI inflation in 2013-2014, and said it is in a good position to continue to deliver above-RPI inflation dividend increases in 2014/15 and beyond....

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