SCANA Co. (NYSE:SCG) declared a dividend on Thursday, October 25th, Fidelity reports. Stockholders 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 of this dividend is Friday, December 7th.
SCANA has increased its dividend by an average of 5.0% annually over the last three years and has raised its dividend annually for the last 18 consecutive years. SCANA has a dividend payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 NYSE:SCG opened at $47.30 on Thursday. SCANA has a 52-week low of $33.61 and a 52-week high of $49.40. The company has a market capitalization of $6.75 billion, a PE ratio of 11.26, a PEG ratio of 7.15 and a beta of 0.09. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.22 and a quick ratio of 0.97.
Several research analysts have recently issued reports on the company. Mizuho reissued a “buy” rating and issued a $48.50 target price on shares of SCANA in a research report on Tuesday, November 27th. Williams Capital raised SCANA from a “sell” rating to a “hold” rating and increased their target price for the stock from $30.00 to $49.00 in a research report on Monday, November 26th. Guggenheim raised SCANA from a “neutral” rating to a “buy” rating in a research report on Monday, November 26th. ValuEngine upgraded SCANA from a “sell” rating to a “hold” rating in a research note on Tuesday, November 20th. Finally, Zacks Investment Research downgraded SCANA from a “hold” rating to a “sell” rating in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. SCANA presently has an average rating of “Hold” and a consensus target price of $44.70.
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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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