SoCalGas Declares Preferred Dividends
The board of directors of Southern California Gas Co. (SoCalGas) has declared a quarterly dividend of $0.375 per share for its preferred stock and Series A preferred stock.
Sentiment and the balance of points
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Rhea-AI Summary
The board of directors of Southern California Gas Co. (SoCalGas) has declared a quarterly dividend of $0.375 per share for its preferred stock and Series A preferred stock. These dividends will be payable on April 15, 2021, to shareholders recorded by March 10, 2021. SoCalGas operates as the largest gas distribution utility in the U.S., serving 21.8 million customers across 24,000 square miles of California. The company's mission focuses on providing renewable gas services while investing in infrastructure improvements.
Positive
- Quarterly dividend of $0.375 per share for preferred stock enhances income for shareholders.
- Continued commitment to renewable natural gas aligns with sustainability goals.
Negative
- None.
Details
News Market Reaction – SRE
The recorded move for SRE in the trading session of this news was +0.14%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
LOS ANGELES, Feb. 16, 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 | |
Preferred Stock, Series A | |
The dividends are payable on April 15, 2021, to shareholders of record on March 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 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' mission is to build the cleanest, safest and most innovative energy company in America, delivering affordable and increasingly renewable energy to its customers. In support of that mission, 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
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SOURCE Southern California Gas Company
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