SCANA Cut Dividends 80%, Stock Rose 5%
SCANA (SCG) shares rose 4.7% on June 28 after the utility cut its quarterly dividend 80%. For the second quarter, SCANA will pay a dividend of $0.124 per share to shareholders of record on July 10. The company paid a dividend of $0.613 per share in the previous quarter. Based on the reduced dividend, SCANA’s yield is 1.3%—compared to its current yield of 6.4%.