SoCalGas Declares Preferred Dividends

Rhea-AI Summary

The board of directors of Southern California Gas Co. (SoCalGas) has declared quarterly dividends of $0.375 per share for its preferred series stock, including Series A. These dividends will be payable on January 15, 2022, to shareholders of record as of December 10, 2021. SoCalGas, a subsidiary of Sempra, serves 21.8 million consumers across 24,000 square miles in California, emphasizing a commitment to clean energy and sustainability, including plans for net-zero greenhouse gas emissions by 2045.

Positive

• Declaration of quarterly dividends at $0.375 per share, ensuring income for shareholders.
• Strong commitment to sustainability, aiming for net-zero greenhouse gas emissions by 2045.

Negative

• None.

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LOS ANGELES, Nov. 29, 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 January 15, 2022, to shareholders of record on December 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  (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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

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

When will the dividends for SoCalGas be payable?

The dividends will be payable on January 15, 2022.

What is the record date for the SoCalGas dividend payment?

The record date for the dividend payment is December 10, 2021.

What commitments does SoCalGas have regarding sustainability?

SoCalGas is committed to achieving net-zero greenhouse gas emissions by 2045.