SoCalGas Declares Preferred Dividends
On August 4, 2020, the board of directors of Southern California Gas Co. (SoCalGas) announced the declaration of regular quarterly dividends for its preferred series stock.
Sentiment and the balance of points
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Rhea-AI Summary
On August 4, 2020, the board of directors of Southern California Gas Co. (SoCalGas) announced the declaration of regular quarterly dividends for its preferred series stock. Shareholders will receive a dividend of $0.375 per share for both the preferred stock and Series A preferred stock. The dividends are payable on October 15, 2020, to shareholders of record by September 10, 2020. SoCalGas, a subsidiary of Sempra Energy, serves 21.8 million customers across 24,000 square miles in California, focusing on renewable energy initiatives.
Positive
- Quarterly dividend declared at $0.375 per share, indicating financial health.
- Commitment to sustainability with a goal of incorporating 20% renewable natural gas by 2030.
Negative
- None.
Details
News Market Reaction – SRE
The recorded move for SRE in the trading session of this news was +0.79%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOS ANGELES, Aug. 4, 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 | ||
Preferred Stock, Series A | ||
The dividends are payable on October 15, 2020, to shareholders of record on September 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 2014 through 2018, the company invested nearly
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SOURCE Southern California Gas Company
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