What's Happening?
Southern California Gas Company (SoCalGas), the largest gas distribution utility in the United States, has announced the declaration of regular quarterly dividends for its preferred series stock. The dividends, set at $0.375 per share for both the Preferred Stock and Preferred Stock, Series A, will be payable on April 15, 2026, to shareholders of record as of March 10, 2026. SoCalGas, a subsidiary of Sempra, serves over 21 million consumers across Central and Southern California, emphasizing its commitment to safe, reliable, and affordable energy delivery.
Why It's Important?
The declaration of dividends by SoCalGas underscores the company's financial stability and commitment to providing returns to its shareholders. As a major player in the energy sector, SoCalGas's
actions can influence investor confidence and market perceptions of the utility industry. The dividends also reflect the company's ongoing efforts to maintain shareholder value amidst evolving energy market dynamics. For investors, regular dividends provide a steady income stream, which can be particularly attractive in times of economic uncertainty. This announcement may also impact the stock performance of SoCalGas and its parent company, Sempra, in the financial markets.
