SCANA reduces quarterly dividend rate by 80 percent
June 28, 2018
SCANA Corporation announced that its Board of Directors has declared a quarterly dividend of 12.37 cents per share for the quarter ending June 30, 2018. The quarterly cash dividend has been reduced from the 61.25 cents per share paid on the Company’s common stock for the first quarter of 2018. The eighty percent reduction in the dividend corresponds to the portion of the dividend attributable to the electric portion of South Carolina Electric & Gas Company. The board made this reduction to preserve its options as the Company continues to seek a resolution to the recovery of costs for the VC Summer new nuclear construction project.
The dividend is payable July 18, 2018 to shareholders of record on July 10, 2018. As noted in previous Company disclosures, the payment of future dividends will be evaluated quarterly by SCANA’s Board of Directors.
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.
