Cayce, SC, February 11, 2010... 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 47 ½ cents per share from 47 cents per share, an increase of 1.1 percent. This action increases the indicated annual dividend rate to $1.90 per share from $1.88 per share. The Company has increased the annual dividend rate on its common stock in 56 of the last 58 years. The new dividend is payable April 1, 2010 to shareholders of record at the close of business on March 10, 2010.
“Similar to last year, the board of directors is taking a conservative financial outlook for the Company,” said Bill Timmerman, SCANA Chairman and CEO. “However, they remain confident about our long-term future despite the challenging economy, and felt it important to relay that message to all SCANA shareholders by providing this increase.”
SCANA Corporation, a Fortune 500 company 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 is available on the Company’s web site at www.scana.com.