Southern California Gas Co., SDG&E, Pacific Enterprises declare prefered dividends
SAN DIEGO, May 27, 2008 - The boards of directors of Southern California Gas Co. (The Gas Company) and San Diego Gas & Electric (SDG&E), both subsidiaries of Sempra Energy (NYSE: SRE), have declared regular quarterly dividends for the companies’ preferred and preference series stocks as follows:
Southern California Gas Co.:
6% Preferred Series $0.375 per share
6% Series “A” Preferred $0.375 per share
San Diego Gas & Electric:
Cumulative Preferred 5% Series $0.25 per share
Cumulative Preferred 4.60% Series $0.23 per share
Cumulative Preferred 4.50% Series $0.225 per share
Cumulative Preferred 4.40% Series $0.22 per share
Preference Stock (Cumulative) $1.70 Series $0.425 per share
Preference Stock (Cumulative) $1.82 Series $0.455 per share
Additionally, regular quarterly preferred dividends were declared by the board of directors of Pacific Enterprises, also a subsidiary of Sempra Energy, as follows:
$4.36 Preferred $1.09 per share
$4.40 Preferred $1.10 per share
$4.50 Preferred $1.125 per share
$4.75 Preferred (2 Series) $1.1875 per share
Each of the dividends is payable on July 15, 2008, to shareholders of record on June 10, 2008.
The Gas Company is the nation’s largest natural gas distribution utility, providing safe and reliable energy to 20.3 million consumers through 5.7 million meters. SDG&E is a regulated public utility that provides safe and reliable energy service to 3.4 million consumers through 1.4 million electric meters and 840,000 natural gas meters in San Diego and southern Orange counties.
The Gas Company and SDG&E are subsidiaries of Sempra Energy. Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company with 2007 revenues of more than $11 billion. The Sempra Energy companies’ 13,500 employees serve more than 29 million consumers worldwide.