SCANA Co. (NYSE:SCG) announced a quarterly dividend on Thursday, June 28th, RTT News reports. Stockholders of record on Tuesday, July 10th will be given a dividend of 0.1237 per share by the utilities provider on Wednesday, July 18th. This represents a $0.49 dividend on an annualized basis and a dividend yield of 1.34%.
SCANA has raised 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 58.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect SCANA to earn $2.89 per share next year, which means the company should continue to be able to cover its $2.45 annual dividend with an expected future payout ratio of 84.8%.
Shares of SCG traded up $0.21 during mid-day trading on Thursday, reaching $37.00. The company had a trading volume of 26,546 shares, compared to its average volume of 1,535,457. SCANA has a 1-year low of $33.61 and a 1-year high of $69.24. The company has a current ratio of 0.82, a quick ratio of 0.66 and a debt-to-equity ratio of 1.12. The company has a market cap of $5.50 billion, a P/E ratio of 8.76, a PEG ratio of 3.64 and a beta of 0.22.
SCANA (NYSE:SCG) last posted its quarterly earnings results on Thursday, April 26th. The utilities provider reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.01). SCANA had a negative net margin of 2.74% and a positive return on equity of 10.80%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $1.19 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. equities analysts forecast that SCANA will post 3.02 EPS for the current year.
A number of research analysts recently issued reports on SCG shares. ValuEngine upgraded shares of SCANA from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Mizuho reiterated a “hold” rating and issued a $35.50 price objective on shares of SCANA in a report on Monday, April 2nd. Zacks Investment Research upgraded shares of SCANA from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 24th. Finally, Williams Capital upgraded shares of SCANA from a “sell” rating to a “hold” rating and set a $33.50 price objective for the company in a report on Thursday, April 26th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.28.
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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