SoCalGas Declares Preferred Dividends

Rhea-AI Summary

The board of directors of Southern California Gas Co. (SoCalGas) has declared a quarterly dividend of $0.375 per share for its preferred stock and Series A preferred stock. These dividends will be payable on April 15, 2021, to shareholders recorded by March 10, 2021. SoCalGas operates as the largest gas distribution utility in the U.S., serving 21.8 million customers across 24,000 square miles of California. The company's mission focuses on providing renewable gas services while investing in infrastructure improvements.

Positive

• Quarterly dividend of $0.375 per share for preferred stock enhances income for shareholders.
• Continued commitment to renewable natural gas aligns with sustainability goals.

Negative

• None.

LOS ANGELES, Feb. 16, 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 April 15, 2021, to shareholders of record on March 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 customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company's pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants.

SoCalGas' mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, SoCalGas is committed to replacing 20 percent of its traditional natural gas supply 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 our customers. From 2015 through 2019, the company invested nearly $7 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (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.  

 

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SOURCE Southern California Gas Company

FAQ

What is the dividend amount declared by SoCalGas?

SoCalGas has declared a quarterly dividend of $0.375 per share for its preferred stock.

When is the dividend payable for SoCalGas shareholders?

The dividend is payable on April 15, 2021, to shareholders of record on March 10, 2021.

What is the significance of SoCalGas's dividend declaration for SRE investors?

The dividend declaration indicates SoCalGas's commitment to providing shareholder returns, positively impacting SRE investors.

How often does SoCalGas declare dividends?

SoCalGas declares dividends quarterly for its preferred stock.

Is SoCalGas committed to sustainability?

Yes, SoCalGas is committed to replacing 20% of its traditional natural gas supply with renewable natural gas by 2030.