SAN DIEGO, Sept. 2, 2021 /PRNewswire/
-- Sempra (NYSE: SRE) (BMV: SRE) today announced that its
board of directors has declared a $1.10 per share quarterly dividend on the
company's common stock, which is payable Oct. 15, 2021, to common stock shareholders of
record at the close of business on Sept. 24, 2021.
Sempra's board of directors also declared a semi-annual dividend
of $24.375 per share on the company's 4.875% Fixed-Rate Reset
Cumulative Redeemable Perpetual Preferred Stock, Series C, which is
payable Oct. 15, 2021, to Series C preferred stock
shareholders of record at the close of business on Oct. 1, 2021.
About Sempra
Sempra's mission is to be North America's premier energy infrastructure
company. The Sempra family of companies have more than 19,000
talented employees who deliver energy with purpose to over 36
million consumers. With more than $66
billion in total assets at the end of 2020, the San Diego-based company is the owner of one of
the largest energy networks in North
America serving some of the world's leading economies. The
company is helping to advance the global energy transition by
enabling the delivery of lower-carbon energy solutions in each
market it serves, including California, Texas, Mexico
and the LNG export market. Sempra is consistently recognized as a
leader in sustainable business practices and for its long-standing
commitment to building a high-performing culture including safety,
workforce development and training, and diversity and inclusion.
Sempra is the only North American utility sector company included
on the Dow Jones Sustainability World Index and was also named one
of the "World's Most Admired Companies" for 2021 by Fortune
Magazine. For additional information about Sempra, please visit
Sempra's website at www.sempra.com and on Twitter @Sempra.
This press release contains statements that constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are based on assumptions with respect to the future,
involve risks and uncertainties, and are not guarantees. Future
results may differ materially from those expressed in any
forward-looking statements. These forward-looking statements
represent our estimates and assumptions only as of the date of this
press release. We assume no obligation to update or revise any
forward-looking statement as a result of new information, future
events or other factors.
In this press release, forward-looking statements can be
identified by words such as "believes," "expects," "anticipates,"
"plans," "estimates," "projects," "forecasts," "should," "could,"
"would," "will," "confident," "may," "can," "potential,"
"possible," "proposed," "in process," "under construction," "in
development," "target," "outlook," "maintain," "continue," "goal,"
"aim," "commit," or similar expressions, or when we discuss our
guidance, priorities, strategy, goals, vision, mission,
opportunities, projections, intentions or expectations.
Factors, among others, that could cause actual results and
events to differ materially from those described in any
forward-looking statements include risks and uncertainties relating
to: California wildfires,
including the risks that we may be found liable for damages
regardless of fault and that we may not be able to recover costs
from insurance, the wildfire fund established by California
Assembly Bill 1054 or in rates from customers; decisions,
investigations, regulations, issuances or revocations of permits
and other authorizations, renewals of franchises, and other actions
by (i) the Comisión Federal de Electricidad, California Public
Utilities Commission (CPUC), U.S. Department of Energy, U.S.
Federal Energy Regulatory Commission, Public Utility Commission of
Texas, and other regulatory and
governmental bodies and (ii) states, counties, cities and other
jurisdictions in the U.S., Mexico
and other countries in which we do business; the success of
business development efforts, construction projects and
acquisitions and divestitures, including risks in (i) the ability
to make a final investment decision, (ii) completing construction
projects or other transactions on schedule and budget, (iii) the
ability to realize anticipated benefits from any of these efforts
if completed, and (iv) obtaining the consent of partners or other
third parties; the resolution of civil and criminal litigation,
regulatory inquiries, investigations and proceedings, and
arbitrations, including, among others, those related to the natural
gas leak at Southern California Gas Company's (SoCalGas) Aliso
Canyon natural gas storage facility; actions by credit rating
agencies to downgrade our credit ratings or to place those ratings
on negative outlook and our ability to borrow on favorable terms
and meet our substantial debt service obligations; actions to
reduce or eliminate reliance on natural gas, including any
deterioration of or increased uncertainty in the political or
regulatory environment for local natural gas distribution companies
operating in California; weather,
natural disasters, pandemics, accidents, equipment failures,
explosions, acts of terrorism, information system outages or other
events that disrupt our operations, damage our facilities and
systems, cause the release of harmful materials, cause fires or
subject us to liability for property damage or personal injuries,
fines and penalties, some of which may not be covered by insurance,
may be disputed by insurers or may otherwise not be recoverable
through regulatory mechanisms or may impact our ability to obtain
satisfactory levels of affordable insurance; the availability of
electric power and natural gas and natural gas storage capacity,
including disruptions caused by failures in the transmission grid
or limitations on the withdrawal of natural gas from storage
facilities; the impact of the COVID-19 pandemic on capital
projects, regulatory approvals, and the execution of our
operations; cybersecurity threats to the energy grid, storage and
pipeline infrastructure, information and systems used to operate
our businesses, and confidentiality of our proprietary information
and personal information of our customers and employees, including
ransomware attacks on our systems and the systems of third-party
vendors and other parties with which we conduct business;
expropriation of assets, failure of foreign governments and
state-owned entities to honor their contracts, and property
disputes; the impact at San Diego Gas & Electric Company
(SDG&E) on competitive customer rates and reliability due to
the growth in distributed and local power generation, including
from departing retail load resulting from customers transferring to
Direct Access and Community Choice Aggregation, and the risk of
nonrecovery for stranded assets and contractual obligations; Oncor
Electric Delivery Company LLC's (Oncor) ability to eliminate or
reduce its quarterly dividends due to regulatory and governance
requirements and commitments, including by actions of Oncor's
independent directors or a minority member director; volatility in
foreign currency exchange, inflation and interest rates and
commodity prices and our ability to effectively hedge these risks;
changes in tax and trade policies, laws and regulations, including
tariffs and revisions to international trade agreements that may
increase our costs, reduce our competitiveness, or impair our
ability to resolve trade disputes; and other uncertainties, some of
which may be difficult to predict and are beyond our
control.
These risks and uncertainties are further discussed in the
reports that Sempra has filed with the U.S. Securities and Exchange
Commission (SEC). These reports are available through the EDGAR
system free-of-charge on the SEC's website, www.sec.gov, and on
Sempra's website, www.sempra.com. Investors should not rely unduly
on any forward-looking statements.
Sempra North American Infrastructure, Sempra LNG, Sempra
Mexico, Sempra Texas Utilities, Oncor and Infraestructura
Energética Nova, S.A.B. de C.V. (IEnova) are not the same companies
as the California utilities,
SDG&E or SoCalGas, and Sempra North American Infrastructure,
Sempra LNG, Sempra Mexico, Sempra Texas Utilities, Oncor and IEnova
are not regulated by the CPUC.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sempra-declares-common-and-preferred-dividends-301368740.html
SOURCE Sempra