SoCalGas Declares Preferred Dividends

Rhea-AI Summary

The board of directors of Southern California Gas Co. (SoCalGas) announced regular quarterly dividends for its preferred series stock, set at $0.375 per share. The dividends will be paid on July 15, 2021, to shareholders on record by June 10, 2021. SoCalGas, a subsidiary of Sempra Energy (SRE), serves 21.8 million consumers across 24,000 square miles in California, emphasizing its commitment to affordable and clean energy. This includes a goal of achieving net-zero greenhouse gas emissions by 2045 and investing nearly $7.5 billion over five years for infrastructure upgrades.

Positive

• Declared quarterly dividend of $0.375 per share, enhancing shareholder income.
• Commitment to achieving net-zero greenhouse gas emissions by 2045.
• Invested nearly $7.5 billion in infrastructure upgrades over the last five years.

Negative

• None.

LOS ANGELES, May 20, 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 July 15, 2021, to shareholders of record on June 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 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 declared a dividend of $0.375 per share for its preferred stock.

When will the dividends for SoCalGas be paid?

The dividends will be paid on July 15, 2021.

What is the record date for the SoCalGas dividend?

The record date for the dividend is June 10, 2021.

What are SoCalGas's sustainability commitments?

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

Who owns Southern California Gas Co.?

Southern California Gas Co. is a subsidiary of Sempra Energy (SRE).