SoCalGas Declares Preferred Dividends

Rhea-AI Summary

Southern California Gas Company (SoCalGas) announced on May 30, 2024, that its board of directors has declared regular quarterly dividends for its preferred series stock. The dividend amount is set at $0.375 per share for both the preferred stock and Preferred Stock, Series A. These dividends will be payable on July 15, 2024, to shareholders who are on record as of June 10, 2024.

Positive

• Declared quarterly dividends of $0.375 per share for preferred stock.
• Declared quarterly dividends of $0.375 per share for Preferred Stock, Series A.
• Dividends are payable on July 15, 2024, ensuring a return to shareholders.

Negative

• No mention of any increase in dividend amounts; they remain the same as previous quarters.

LOS ANGELES, May 30, 2024 /PRNewswire/ -- The board of directors of Southern California Gas Company (SoCalGas) has declared regular quarterly dividends for the preferred series stock of the company as follows:

SoCalGas:
Preferred Stock	$0.375 per share
Preferred Stock, Series A	$0.375 per share

 

The dividends are payable on July 15, 2024, to shareholders of record on June 10, 2024.

About SoCalGas

Headquartered in Los Angeles, SoCalGas is the largest gas distribution utility in the United States. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service to approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. We believe gas delivered through our pipelines plays a key role in California's clean energy transition by supporting energy system reliability and resiliency and enabling integration of renewable resources.

SoCalGas' mission is to build the cleanest, safest and most innovative energy infrastructure company in America. In support of that mission, SoCalGas aspires to achieve net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replace 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. RNG can be made from waste created by landfills and wastewater treatment plants. SoCalGas is also investing in its gas delivery infrastructure while working to keep bills affordable for customers. SoCalGas is a subsidiary of Sempra (NYSE: SRE), an energy infrastructure company based in San Diego.

For more information visit socalgas.com/newsroom or connect with SoCalGas on X (formerly Twitter) (@SoCalGas), Instagram (@SoCalGas) and Facebook.

 

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SOURCE Southern California Gas Company

FAQ

When will SoCalGas pay the declared dividends?

The declared dividends will be paid on July 15, 2024.

What is the dividend amount for SoCalGas preferred stock?

The dividend amount for both the preferred stock and Preferred Stock, Series A, is $0.375 per share.

Who will receive the SoCalGas dividends?

Shareholders of record as of June 10, 2024, will receive the dividends.

When was the SoCalGas dividend announcement made?

The dividend announcement was made on May 30, 2024.