LONDON, UK / ACCESSWIRE / June 7, 2017 / Pro-Trader Daily takes a closer look at SCANA Corp. (NYSE: SCG) as the Company's stock will begin trading ex-dividend on June 08, 2017. In order to capture the dividend payout, investors must purchase the stock one day prior to the ex-dividend date that is latest by June 07, 2017. This would make the individual a shareholder on the respective Company's record, which would thereby entitle the investor to be paid the dividend on the payable date. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

http://protraderdaily.com/register/

Today, PRO-TD covers ex-dividend news on SCG. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=SCG

Dividend Declared

On April 27, 2017, SCANA's Board of Directors met and declared the regular quarterly dividend of $0.6125 per share on the Company's common stock for the quarter ending June 30, 2017. The dividend is payable on July 01, 2017, to shareholders of record at the close of business on June 12, 2017. The Company has reported dividend growth for 17 straight years.

SCANA's indicated dividend represents a yield of 3.60% compared to the average dividend yield for the Utilities sector of 2.51%, and reflects dividend payout of $2.45 on an annualized basis. SCANA last increased its dividend in February 2017, where the Company's Board of Directors raised the quarterly cash dividend on its common stock by 6.5% to $0.6125 per share from the prior dividend of $0.5725 per share. Additionally, SCANA's Board of Directors approved an increase to the upper band of the Company's dividend payout policy to 65% from 60%, for a new payout policy of 55% to 65%.

SCANA has a dividend payout ratio of 57.9% meaning the Company distributes $0.58 for every $1.00 earned, demonstrating that the dividend is sufficiently covered by earnings. As per analysts' estimates, SCANA is projected to post earnings of $4.51 per share in the coming year, which means the Company should be able to comfortably cover its annualized dividend of $2.45. Moreover, as on March 31, 2017, SCANA had cash and cash equivalents worth $12 million, while its total current assets were worth $1.05 billion. Having this liquidity cushion would allow the Company to absorb any fluctuations in earnings and pay its dividend without interruption.

About the Company

SCANA, headquartered in Cayce, S.C., is an energy-based holding Company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses. SCANA serves approximately 713,000 electric customers in South Carolina and approximately 1.3 million natural gas customers in South Carolina, North Carolina, and Georgia.

Recent Development for SCANA

On April 28, 2017, SCANA and Santee Cooper announced that the Interim Assessment Agreement with Westinghouse Electric Company, LLC concerning the nuclear construction project at the V.C. Summer Nuclear Station has been amended.

The primary amendment is the extension of the term of the agreement through June 26, 2017, subject to bankruptcy procedures. The agreement allows for a transition and evaluation period, during which South Carolina Electric & Gas Company (SCE&G), principal subsidiary of SCANA, and V.C. Summer Nuclear Station project co-owner, Santee Cooper, can continue to make progress on the site. The agreement extension allows the co-owners additional time to maintain all of their options by continuing construction on the project, while examining all of the relevant information for a thorough and accurate assessment to determine the most prudent path forward.

Stock Performance

At the closing bell, on Tuesday, June 06, 2017, SCANA's stock was slightly down 0.45%, ending the trading session at $67.84. A total volume of 1.15 million shares were traded at the end of the day. In the last month, shares of the Company have advanced 2.88%. Shares of the Company have a PE ratio of 16.43 and have a dividend yield of 3.61%. The stock currently has a market cap of $9.69 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) 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. PRO-TD 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.

PRO-TD 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 contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (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 PRO-TD. PRO-TD 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

PRO-TD, 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. PRO-TD, 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, PRO-TD, 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 PRO-TD 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://protraderdaily.com/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: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily