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MarketScreener Homepage  >  Equities  >  Nyse  >  Sempra Energy    SRE

SEMPRA ENERGY

(SRE)
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Sempra Energy : SoCalGas Declares Preferred Dividends

11/19/2020 | 01:49pm EST

LOS ANGELES, Nov. 19, 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

$0.375 per share

Preferred Stock, Series A

$0.375 per share

The dividends are payable on January 15, 2021, to shareholders of record on December 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 2015 through 2019, the company invested nearly $7 billionto upgrade and modernize its system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (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.

SOURCE Southern California Gas Company

For further information: SoCalGas | 24-Hour Media Hotline: 213-244-2442 | socalgas.com/newsroom; Financial Contact: Lindsay Gartner | Sempra Energy | 877.736.7727 | investor@sempra.com

Disclaimer

Sempra Energy published this content on 19 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 November 2020 18:48:01 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 11 379 M - -
Net income 2020 3 319 M - -
Net Debt 2020 22 984 M - -
P/E ratio 2020 17,5x
Yield 2020 3,36%
Capitalization 35 941 M 35 941 M -
EV / Sales 2020 5,18x
EV / Sales 2021 5,17x
Nbr of Employees 13 969
Free-Float 99,9%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 144,94 $
Last Close Price 124,59 $
Spread / Highest target 46,1%
Spread / Average Target 16,3%
Spread / Lowest Target 0,33%
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Managers and Directors
NameTitle
Jeffrey Walker Martin Chairman & Chief Executive Officer
Kevin Christopher Sagara Group Co-President & Executive Vice President
Trevor Ian Mihalik Chief Financial Officer & Executive Vice President
Eric G. Trapp Vice President-Security & Technology
William D. Jones Lead Independent Director
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