SoCalGas Announces Quarterly Dividends for Preferred Stock Shareholders

SoCalGas Declares Quarterly Dividends

Southern California Gas Company (commonly known as SoCalGas) has made headlines by announcing its regular quarterly dividends for the preferred stock series. The company's board of directors established dividends valued at $0.375 per share for both its preferred stock and the preferred stock under Series A.

These dividends are scheduled to be payable on April 15, 2025, to shareholders who are recorded by the effective date of March 10, 2025. This decision underscores SoCalGas's aim to maintain a stable and reliable return for its investors, reflecting the financial health and operational stability of the utility.

As the premier gas distribution utility in the United States, SoCalGas operates over an area of approximately 24,000 square miles, catering to nearly 21 million customers throughout Central and Southern California. With such a vast consumer base, SoCalGas has managed to uphold its reputation as an industry leader. Notably, the company has been recognized on multiple platforms, including being listed among Reuters' Top 100 Innovators contributing to the Global Energy Transition. This accolade emphasizes its commitment to not only serving its customers but also leading the way towards a more sustainable energy future.

SoCalGas is a proud subsidiary of Sempra, a notable entity within the North American energy infrastructure sector. This relationship solidifies the company’s position in a competitive industry, granting it access to broader resources and knowledge.

The announcement comes at a time when many energy companies are focusing on innovation and sustainability to align with growing environmental concerns. SoCalGas's efforts to integrate advanced technology and sustainable practices resonate well with the current industry trends.

The dividends highlight SoCalGas's commitment to its investors and stakeholders as it continues to serve a significant portion of the U.S. gas utility market. It reflects a dedicated focus on creating value for shareholders while concurrently prioritizing operational efficiency and innovation in its services.

In summary, SoCalGas’s declaration of preferred dividends reaffirms both its commitment to shareholder returns and its status as a leader in the gas distribution sector. The company is making strides in enhancing customer service and operational excellence, all while navigating the rapidly evolving energy landscape. With this proactive approach, SoCalGas continues to engage positively with its consumer base and investors alike, promoting a sustainable and economically viable future for all involved.

For additional information about Southern California Gas Company and its latest updates, please visit SoCalGas.com or connect through their social media platforms at @SoCalGas.