Sempra Energy announced Friday its board has approved an 8.1 percent increase in the dividend, marking the ninth consecutive annual increase.
The San Diego-based energy company said shareholders would receive an annual dividend of $3.87 per common share, up from $3.58, payable quarterly beginning April 15 to shareholders of record as of March 22.
The company’s dividend has increased by nearly 50 percent since 2014.
Sempra, the parent company of San Diego Gas & Electric, has the largest U.S. customer base of any utility company.
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