SoCalGas Declares Preferred Dividends

Rhea-AI Summary

The board of directors of Southern California Gas Co. (SoCalGas) declared a quarterly dividend of $0.375 per share for its preferred stock and Preferred Stock, Series A. The dividends are payable on July 15, 2022, to shareholders on record as of June 10, 2022. SoCalGas, a subsidiary of Sempra, serves 21.8 million consumers across 24,000 square miles in Central and Southern California, focusing on affordability and renewable energy.

Positive

• Dividend declared at $0.375 per share provides income for shareholders.
• SoCalGas's commitment to renewable energy supports long-term growth.

Negative

• None.

LOS ANGELES, May 18, 2022 /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, 2022, to shareholders of record on June 10, 2022.

About SoCalGas

Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, 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 the two goals of achieving net-zero greenhouse gas emissions in its operations and delivery of energy by 2045 and 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. 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. 

 

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SOURCE Southern California Gas Company

FAQ

What is the dividend amount declared by SoCalGas for preferred stock?

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

When will the preferred stock dividend be paid?

The preferred stock dividend will be paid on July 15, 2022.

What is the record date for the SoCalGas dividend?

The record date for the dividend is June 10, 2022.

What is the significance of SoCalGas's renewable energy commitment?

SoCalGas aims to replace 20% of its traditional natural gas supply with renewable natural gas by 2030.

How many consumers does SoCalGas serve?

SoCalGas serves 21.8 million consumers across 24,000 square miles.