CAYCE, S.C., Feb. 18, 2016 /PRNewswire/ -- SCANA Corporation (NYSE: 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.
"After an eventful year, SCANA achieved its earnings targets and completed another successful year," said Jimmy Addison, Executive Vice President and Chief Financial Officer. "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, headquartered in Cayce, SC, is an energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. Information about SCANA and its businesses is available on the company's website at www.scana.com.
| Analyst Contacts: |
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| Bryant Potter |
Susan Wright |
| (803) 217-6916 |
(803) 217-4436 |
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SOURCE SCANA Corporation
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