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Aug. 4, 2020, 2:03 p.m. EDT

SoCalGas Declares Preferred Dividends

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 $0.375 per share

Preferred Stock, Series A $0.375 per share

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 $6.5 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of  Sempra Energy   /zigman2/quotes/206074517/composite SRE -0.87% , 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

COMTEX_368869619/2454/2020-08-04T14:02:52

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/zigman2/quotes/206074517/composite
US : U.S.: NYSE
$ 119.98
-1.05 -0.87%
Volume: 3.95M
Sept. 18, 2020 4:05p
P/E Ratio
8.37
Dividend Yield
3.48%
Market Cap
$34.71 billion
Rev. per Employee
$693,218
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