SCANA Co. Plans Dividend of $0.12 (SCG)

SCANA Co. (NYSE:SCG) declared a dividend on Thursday, October 25th, Fidelity reports. Investors of record on Monday, December 10th will be paid a dividend of 0.1237 per share by the utilities provider on Wednesday, January 2nd. The ex-dividend date is Friday, December 7th.

SCANA has raised its dividend by an average of 5.0% per year over the last three years and has increased its dividend annually for the last 18 consecutive years. SCANA has a dividend payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect SCANA to earn $2.59 per share next year, which means the company should continue to be able to cover its $0.49 annual dividend with an expected future payout ratio of 18.9%.

Shares of SCG stock opened at $46.66 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.22 and a quick ratio of 0.97. The firm has a market cap of $6.65 billion, a P/E ratio of 14.01, a PEG ratio of 7.06 and a beta of 0.05. SCANA has a 12 month low of $33.61 and a 12 month high of $49.40.

SCANA (NYSE:SCG) last released its quarterly earnings data on Thursday, October 25th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.20. SCANA had a negative net margin of 4.89% and a positive return on equity of 10.04%. The company had revenue of $926.00 million during the quarter. On average, sell-side analysts anticipate that SCANA will post 2.64 earnings per share for the current year.

Several research firms have issued reports on SCG. Mizuho downgraded shares of SCANA from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 7th. Wolfe Research restated an “outperform” rating on shares of SCANA in a research note on Thursday, September 27th. Zacks Investment Research downgraded shares of SCANA from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. ValuEngine upgraded shares of SCANA from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 18th. Finally, Williams Capital upgraded shares of SCANA from a “sell” rating to a “hold” rating and upped their price objective for the company from $30.00 to $49.00 in a research note on Monday, November 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. SCANA currently has an average rating of “Hold” and an average price target of $44.70.

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SCANA Company Profile

SCANA Corporation, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in the United States. The company owns nuclear, coal, hydro, natural gas, oil, biomass, and solar generating facilities. It also purchases, sells, and transports natural gas; and offers energy-related services.

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Dividend History for SCANA (NYSE:SCG)

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