02-18-2016, 04:16 PM
SCANA Corporation Announces 5.5 Percent Increase In Common Dividend
SCANA Corporation (SCG) announced that its board of directors, at a meeting held today, raised the quarterly cash dividend on the Company's common stock to 57 ½ cents per share from 54 ½ cents per share, an increase of 5.5 percent. This action increases the indicated annual dividend rate to $2.30 per share from $2.18 per share. The new dividend is payable April 1, 2016 to shareholders of record at the close of business on March 10, 2016.
"The results of 2015, our confidence in our growth strategy, financial strength, and long-term outlook, as well as our commitment to providing competitive returns to our investors, were considered when making the decision to increase the quarterly dividend. We continue to anticipate growing our dividend fairly consistent with earnings growth while staying within our stated payout policy of 55%-60%."
SCANA Corporation (SCG) announced that its board of directors, at a meeting held today, raised the quarterly cash dividend on the Company's common stock to 57 ½ cents per share from 54 ½ cents per share, an increase of 5.5 percent. This action increases the indicated annual dividend rate to $2.30 per share from $2.18 per share. The new dividend is payable April 1, 2016 to shareholders of record at the close of business on March 10, 2016.
"The results of 2015, our confidence in our growth strategy, financial strength, and long-term outlook, as well as our commitment to providing competitive returns to our investors, were considered when making the decision to increase the quarterly dividend. We continue to anticipate growing our dividend fairly consistent with earnings growth while staying within our stated payout policy of 55%-60%."