SoCalGas Declares Preferred Dividends

Rhea-AI Summary

On August 4, 2021, Southern California Gas Co. (SoCalGas) announced the declaration of regular quarterly dividends for its preferred series stock, amounting to $0.375 per share for both the preferred stock and Series A preferred stock. The dividends will be payable on October 15, 2021, to shareholders of record as of September 10, 2021. SoCalGas, a subsidiary of Sempra, serves 21.8 million consumers and is committed to enhancing its infrastructure while aiming for net-zero greenhouse gas emissions by 2045.

Positive

• Regular quarterly dividend declared at $0.375 per share.
• Dividends payable on October 15, 2021, providing income for shareholders.
• Commitment to net-zero greenhouse gas emissions by 2045, enhancing sustainability.

Negative

• None.

LOS ANGELES, Aug. 4, 2021 /PRNewswire/ -- The board of directors of Southern California Gas Co. (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 October 15, 2021, to shareholders of record on September 10, 2021.

About SoCalGas

Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million consumers across 24,000 square miles of Central and Southern California. Gas delivered through the company's pipelines will continue to play a key role in California's clean energy transition—providing electric grid reliability and supporting wind and solar energy deployment.

SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America. In support of that mission, SoCalGas is committed to achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and to replacing 20 percent of its traditional natural gas supply to core customers with renewable natural gas (RNG) by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for customers. Over the past five years, the company invested nearly $7.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra  (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook. 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/socalgas-declares-preferred-dividends-301348575.html

SOURCE Southern California Gas Company

FAQ

What is the dividend amount declared by SRE on August 4, 2021?

SRE declared a dividend of $0.375 per share for its preferred stock on August 4, 2021.

When will the dividends for SRE be paid?

The dividends will be paid on October 15, 2021.

Who are the shareholders of record for SRE's dividends?

Shareholders of record on September 10, 2021, will receive the dividends.

How does SoCalGas plan to achieve its sustainability targets?

SoCalGas aims for net-zero greenhouse gas emissions by 2045 and plans to replace 20% of its traditional gas supply with renewable natural gas by 2030.