SCANA Co. Plans Quarterly Dividend of $0.12 (SCG)
SCANA Co. (NYSE:SCG) declared a quarterly dividend on Thursday, August 30th, RTT News reports. Investors of record on Monday, September 10th will be given a dividend of 0.1237 per share by the utilities provider on Monday, October 1st. This represents a $0.49 annualized dividend and a yield of 1.28%.
SCANA has raised its dividend by an average of 5.0% per year over the last three years and has raised its dividend annually for the last 18 consecutive years. SCANA has a dividend payout ratio of 16.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SCANA to earn $2.75 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 17.8%.
NYSE SCG opened at $38.64 on Friday. The firm has a market cap of $5.54 billion, a P/E ratio of 9.66, a P/E/G ratio of 3.70 and a beta of 0.18. The company has a current ratio of 0.76, a quick ratio of 0.61 and a debt-to-equity ratio of 1.14. SCANA has a fifty-two week low of $33.61 and a fifty-two week high of $60.77.
Several research firms recently weighed in on SCG. Zacks Investment Research downgraded SCANA from a “buy” rating to a “hold” rating in a research report on Wednesday, May 23rd. Mizuho downgraded SCANA from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 7th. Williams Capital downgraded SCANA from a “hold” rating to a “sell” rating and set a $30.00 target price on the stock. in a research report on Tuesday, May 29th. Finally, UBS Group lowered their target price on SCANA from $36.00 to $35.00 and set a “sell” rating on the stock in a research report on Friday, August 10th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.79.
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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