Cayce, SC, February 11, 2011... 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 48 ½ cents per share from 47 ½ cents per share, an increase of 2.1 percent. This action increases the indicated annual dividend rate to $1.94 per share from $1.90 per share. The new dividend is payable April 1, 2011 to shareholders of record at the close of business on March 10, 2011.
“Despite a challenging economic environment in 2010, SCANA achieved its earnings targets and completed another successful year. The results of 2010 and confidence in the long-term growth of our company led the board to decide that a dividend increase was appropriate.” said Jimmy Addison, Senior Vice President and Chief Financial Officer.
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 website at www.scana.com.