SCG released its 3Q17 operational update today, FY17 guidance of 4.25% growth, DPS of $0.21, placing the stock on a forward yield of 5.5%.
We continue to view SCG as a suitable income strategy for portfolios when complimented with a tight covered call option.
You're not a member! Trial today
The above strategy is generating over 10% per annum in cash flow from the call option and dividend income. We don’t expect much in the way of capital growth.
