Scana (NYSE:SCG) has declared its latest quarterly dividend. The company is to pay $0.5075 per share of its common stock on April 1 to shareholders of record as of March 11. That represents a raise of 2.5% over the previous payout of $0.495, which was disbursed last December.

Scana typically increases its dividend at the beginning of each calendar year. Those raises are usually modest.

The new payout annualizes to $2.03, yielding 4.2% on the company's closing share price of $48.75 on the day when the dividend announcement was made.

Fool contributor Eric Volkman and The Motley Fool has no position in Scana. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.