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Scana cuts quarterly dividend 80% to 12.37c per share.

SCANA announced that its Board of Directors has declared a quarterly dividend of 12.37c per share for the quarter ending June 30, 2018. The quarterly cash dividend has been reduced from the 61.25c per share paid on the company's common stock for the first quarter of 2018. The 80% 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 to shareholders of record on July 10.

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Publication:The Fly
Date:Jun 28, 2018
Words:116
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