+ Watch SCG
on My Watchlist
An energy-based holding company principally engaged, through subsidiaries, in electric and natural gas utility operations and other energy-related businesses.
Rated three stars by Standard & Poors because they think SCANA is fairly valued. Here is a utility with solid cash flow to cover its dividend, nuclear power, and a natural gas pipeline. S & P sees its unregulated gas pipeline in Geogia growng faster than its regulated businesses. Low dividend payout ratio for a utility. Invested in SCANA through its direct stock purchase plan offered through SCANA.COM in mid-June at $29.16 with no transaction fee - something I really like. Its dividend yield at the time was over 6.4%
Oops I was still looking at my paperwork on PNW. I invested in SCG in mid-May at $29.90. It was offering a 6.3% dividend then - but there were no transaction fees.
Well! How about an update?Today is Saturday, June 4, 2011.This company's stock is changing hands at just under $40.This is just a plain and simple excellent dividend income stock. I said income. The dividend when I bought it and made it a CAPS pick was $0.47 quarterly. Now the quarterly payout is $0.4850. The dividend has grown by 3.19%. As a dividend growth stock, this is mediocre. But that's why I said this is simply a good investment for current income so far. Maybe there will be more dividend growth in the future, but for now, at its current price of $39.89, that's a darn safe 4.86% current dividend yield. But not for me. At my original start price of $34.74, that represents a yield on cost of 5.58%.CAPS now lists my start price as $32.25. The dividend even on this slow, boring, unexciting income stock has chopped my CAPS start price from the original $34.74 down to what you see here...$32.25.Unless you're reading this after June 8, 2011, 4 days from now...when it will go ex-dividend again...and my CAPS start price will fall once more - from $32.25 down to around $31.87, give or take a few cents.By this time next year? My CAPS start price will likely be below $30.These periodic, clockwork, dependable, decreases in my dividend-adjusted price, which is what our CAPS start prices are, represent real money returns for dividend investors. My dividend-adjusted price has fallen by $2.49. For a few more days, after which it will have fallen by somewhere in the vicinity of $2.87. Come the September ex-dividend date, time and dividends will have eroded my start price by more than $3.20. That's 9.2% off my original start price.Dull? Boring? You decide.
2/6/2012Well...my start price has now fallen from $34.74 to $31.12. Dividends have lopped $3.62 off my original start price...over 10% since Nov of 2009. With the dividend now at $1.94, the yield on cost for my Nov 2009 SCG pick would now be up to 5.58%. ($1.94/$34.74)
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions