SoCalGas Declares Preferred Dividends

Rhea-AI Summary

The board of directors of Southern California Gas Co. (SoCalGas) has declared a regular quarterly dividend of $0.375 per share for its preferred stock, including Series A. The dividends are set to be payable on January 15, 2021, to shareholders recorded by December 10, 2020. SoCalGas, a subsidiary of Sempra Energy (SRE), is the largest gas distribution utility in the U.S., serving 21.8 million customers across 24,000 square miles of California. The company aims to replace 20% of its natural gas supply with renewable natural gas by 2030.

Positive

• Quarterly dividend of $0.375 per share declared, providing income to shareholders.
• Commitment to replace 20% of traditional natural gas supply with renewable natural gas by 2030, enhancing sustainability.

Negative

• None.

LOS ANGELES, Nov. 19, 2020 /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 January 15, 2021, to shareholders of record on December 10, 2020.

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's vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, 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 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 amount of the preferred dividend declared by SoCalGas?

Southern California Gas Co. declared a preferred dividend of $0.375 per share.

When is the preferred dividend payable for SoCalGas?

The preferred dividend is payable on January 15, 2021.

What is the record date for the SoCalGas preferred dividend?

The record date for the dividend is December 10, 2020.

What company is SoCalGas a subsidiary of?

SoCalGas is a subsidiary of Sempra Energy (SRE).

How many customers does SoCalGas serve?

SoCalGas serves approximately 21.8 million customers.