SoCalGas Declares Preferred Dividends

Rhea-AI Summary

Southern California Gas Company (SoCalGas) has announced its regular quarterly dividends for preferred series stock. The board of directors declared dividends of $0.375 per share for both Preferred Stock and Preferred Stock, Series A. These dividends will be paid on October 15, 2024, to shareholders of record as of September 10, 2024. This announcement demonstrates SoCalGas's commitment to providing consistent returns to its preferred stockholders, maintaining its dividend policy despite potential economic uncertainties.

Positive

• Consistent quarterly dividend payment of $0.375 per share
• Maintained dividend policy, indicating financial stability

Negative

• None.

News Market Reaction

+0.16%

1 alert

+0.16% News Effect

On the day this news was published, SOCGP gained 0.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LOS ANGELES, Aug. 8, 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 October 15, 2024, to shareholders of record on September 10, 2024.

About SoCalGas
SoCalGas is the largest gas distribution utility in the United States serving approximately 21 million consumers across approximately 24,000 square miles of Central and Southern California. SoCalGas' mission is to build the cleanest, safest, most innovative energy infrastructure company in America. SoCalGas aims to deliver affordable, reliable, and increasingly renewable gas service through its pipelines to help advance California's clean energy transition by supporting energy system reliability and resiliency and enabling the integration of renewable resources. SoCalGas is a recognized leader in its industry and community, as demonstrated by being named one of Reuters' Top 100 Innovators Leading the Global Energy Transition and Corporate Member of the Year by the Los Angeles Chamber of Commerce. SoCalGas is a subsidiary of Sempra (NYSE: SRE), a leading North American energy infrastructure company. For more information, visit SoCalGas.com/newsroom or connect with SoCalGas on social media @SoCalGas. 

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SOURCE Southern California Gas Company

FAQ

What is the dividend amount for SoCalGas (SOCGP) preferred stock in August 2024?

SoCalGas (SOCGP) declared a dividend of $0.375 per share for both its Preferred Stock and Preferred Stock, Series A in August 2024.

When is the payment date for SoCalGas (SOCGP) preferred stock dividend announced in August 2024?

The dividend payment date for SoCalGas (SOCGP) preferred stock, as announced in August 2024, is October 15, 2024.

What is the record date for SoCalGas (SOCGP) preferred stock dividend announced in August 2024?

The record date for SoCalGas (SOCGP) preferred stock dividend, as announced in August 2024, is September 10, 2024.

How often does SoCalGas (SOCGP) pay dividends on its preferred stock?

Based on the announcement of 'regular quarterly dividends', SoCalGas (SOCGP) pays dividends on its preferred stock on a quarterly basis.