LONDON, UK / ACCESSWIRE / December 08, 2017 / Active-Investors has a free review on SCANA Corporation (NYSE: SCG) following the Company's announcement that it will begin trading ex-dividend on December 11, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on December 08, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on SCG:
www.active-investors.com/registration-sg/'symbol=SCG
If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:
www.active-investors.com/registration-sg
Dividend Declared
On October 26, 2017, SCANA announced that its Board of Directors, declared a regular quarterly dividend of $0.6125 per share on the Company's common stock for the quarter ending December 31, 2017. The dividend is payable January 01, 2018, to shareholders of record at the close of business on December 12, 2017.
SCANA's indicated dividend represents a yield of 5.63%, which is more than double the average dividend yield of 2.39% for the Utilities sector. The Company has raised dividend for seventeen consecutive years.
Dividend Insights
SCANA has a dividend payout ratio of 58.8%, which means that the Company spends approximately $0.59 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, SCANA is forecasted to report earnings of $3.00 per share for the next year, which is substantially above the Company's annualized dividend of $2.45 per share.
As of September 30, 2017, SCANA's cash and cash equivalents totaled $1.01 billion compared to $208 million as on December 31, 2016. The Company's net cash provided by operating activities was $927 million for the nine months ended September 30, 2017, compared to $679 million for the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for SCANA
On November 16, 2017, South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA, announced that it has entered into an agreement in principle to purchase a 540-megawatt, combined-cycle, natural-gas-fired power plant from Columbia Energy LLC for $180 million.
Located in Gaston, South Carolina, the Columbia Energy Center plant is a combined heat and power plant. Along with producing electricity, it produces process steam that supports the operation of a neighboring manufacturing facility. The plant is one of the most recently built power facilities in South Carolina, starting its operation in 2004 and currently employs 19 people.
SCE&G's purchase of the plant is subject to negotiation of a definitive purchase agreement and to certain regulatory approvals, including the Federal Energy Regulatory Commission and the Public Service Commission of South Carolina.
About SCANA
SCANA, headquartered in Cayce, South Carolina, is an energy-based holding Company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. Founded in 1924, the Company owns nuclear, coal, hydro, natural gas, biomass, and solar generating facilities. As of December 31, 2016, the Company provided electricity to approximately 709,000 customers; and natural gas to approximately 907,000 retail customers in South Carolina and North Carolina, as well as marketed natural gas to approximately 450,000 customers in Georgia.
Stock Performance Snapshot
December 07, 2017 - At Thursday's closing bell, SCANA's stock advanced 1.30%, ending the trading session at $44.35.
Volume traded for the day: 1.79 million shares.
After yesterday's close, SCANA's market cap was at $6.42 billion.
Price to Earnings (P/E) ratio was at 14.05.
The stock has a dividend yield of 5.52%.
The stock is part of the Utilities sector, categorized under the Electric Utilities industry. This sector was up 0.2% at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
