Sempra Energy said its board of directors on Tuesday raised the company’s annual common stock dividend for the 10th consecutive year.
The San Diego-based utility holding company, which is the parent firm of San Diego Gas & Electric, declared an annualized dividend of $4.18 per share, up 8% from $3.87 per share in 2019.
The next quarterly dividend payment will be $1.045 per share, payable April 15 to shareholders of record on March 20.
Sempra has the largest customer base of any U.S. utility company, with more than 40 million customers.
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