SCANA Corp. Declares Quarterly Dividend of $0.53 (SCG)
SCANA Corp. (NYSE:SCG) announced a quarterly dividend on Thursday, February 20th, American Banking News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.525 per share on Tuesday, April 1st. This represents a $2.10 annualized dividend and a dividend yield of 4.33%.
Several analysts have recently commented on the stock. Analysts at Barclays cut their price target on shares of SCANA Corp. from $52.00 to $48.00 in a research note on Monday, January 6th. They now have an “equal weight” rating on the stock. Analysts at Morgan Stanley initiated coverage on shares of SCANA Corp. in a research note on Monday, December 9th. They set an “equal weight” rating on the stock. Ten investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $50.63.
Shares of SCANA Corp. (NYSE:SCG) traded up 0.27% during mid-day trading on Thursday, hitting $48.63. 254,292 shares of the company’s stock traded hands. SCANA Corp. has a 52 week low of $44.75 and a 52 week high of $54.41. The stock has a 50-day moving average of $46.78 and a 200-day moving average of $47.16. The company has a market cap of $6.835 billion and a price-to-earnings ratio of 14.09.
SCANA Corp. (NYSE:SCG) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.73 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.50. The company had revenue of $1.12 million for the quarter, compared to the consensus estimate of $1.12 million. On average, analysts predict that SCANA Corp. will post $3.41 earnings per share for the current fiscal year.
SCANA Corporation is a holding company. The Company, through its wholly owned regulated subsidiaries, is primarily engaged in the generation, transmission, distribution and sale of electricity in parts of South Carolina and in the purchase, transmission and sale of natural gas in portions of North Carolina and South Carolina.
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