SAN DIEGO, Feb. 23, 2017 /PRNewswire/ -- Sempra Energy
(NYSE:SRE) today announced that its board of directors has approved
a 9-percent increase in the dividend on shares of the company's
common stock to $3.29 per share, on
an annualized basis, from $3.02 per
share.
The first quarterly installment of the new dividend,
$0.8225 per share, is payable
April 15, 2017, to shareholders of
record on March 23, 2017.
Sempra Energy, based in San
Diego, is a Fortune 500 energy services holding company with
2015 revenues of more than $10
billion. The Sempra Energy companies' 17,000 employees serve
more than 32 million consumers worldwide.
This press release contains statements that are not
historical fact and constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements can be identified by words like
"believes," "expects," "anticipates," "plans," "estimates,"
"projects," "forecasts," "contemplates," "assumes," "depends,"
"should," "could," "would," "will," "confident," "may,"
"potential," "possible," "proposed," "target," "pursue," "outlook,"
"maintain," or similar expressions or discussions of guidance,
strategies, plans, goals, opportunities, projections, initiatives,
objectives or intentions. Forward-looking statements are not
guarantees of performance. They involve risks, uncertainties
and assumptions. Future results may differ materially from
those expressed in the forward-looking statements.
Factors, among others, that could cause actual results and
future actions to differ materially from those described in
forward-looking statements include: actions and the timing of
actions, including decisions, new regulations, and issuances of
permits and other authorizations by the California Public Utilities
Commission, U.S. Department of Energy, California Division of Oil,
Gas, and Geothermal Resources, Federal Energy Regulatory
Commission, U.S. Environmental Protection Agency, Pipeline and
Hazardous Materials Safety Administration, Los Angeles County
Department of Public Health, states, cities and counties, and other
regulatory and governmental bodies in the
United States and other countries in which we operate; the
timing and success of business development efforts and construction
projects, including risks in obtaining or maintaining permits and
other authorizations on a timely basis, risks in completing
construction projects on schedule and on budget, and risks in
obtaining the consent and participation of partners; the resolution
of civil and criminal litigation and regulatory investigations;
deviations from regulatory precedent or practice that result in a
reallocation of benefits or burdens among shareholders and
ratepayers; modifications of settlements; and delays in, or
disallowance or denial of, regulatory agency authorizations to
recover costs in rates from customers (including with respect to
regulatory assets associated with the San Onofre Nuclear Generating
Station facility and 2007 wildfires) or regulatory agency approval
for projects required to enhance safety and reliability; the
availability of electric power, natural gas and liquefied natural
gas, and natural gas pipeline and storage capacity, including
disruptions caused by failures in the transmission grid,
moratoriums on the withdrawal or injection of natural gas from or
into storage facilities, and equipment failures; changes in energy
markets; volatility in commodity prices; moves to reduce or
eliminate reliance on natural gas; and the impact on the value of
our investment in natural gas storage and related assets from low
natural gas prices, low volatility of natural gas prices and the
inability to procure favorable long-term contracts for storage
services; risks posed by actions of third parties who control the
operations of our investments, and risks that our partners or
counterparties will be unable or unwilling to fulfill their
contractual commitments; weather conditions, natural disasters,
accidents, equipment failures, explosions, terrorist attacks and
other events that disrupt our operations, damage our facilities and
systems, cause the release of greenhouse gases, radioactive
materials and harmful emissions, cause wildfires and subject us to
third-party liability for property damage or personal injuries,
fines and penalties, some of which may not be covered by insurance
(including costs in excess of applicable policy limits) or may be
disputed by insurers; cybersecurity threats to the energy grid,
storage and pipeline infrastructure, the information and systems
used to operate our businesses and the confidentiality of our
proprietary information and the personal information of our
customers and employees; the ability to win competitively bid
infrastructure projects against a number of strong and aggressive
competitors; capital markets and economic conditions, including the
availability of credit and the liquidity of our investments;
fluctuations in inflation, interest and currency exchange rates and
our ability to effectively hedge the risk of such
fluctuations; changes in the
federal tax code as a result of potential tax reform, such as
the elimination of the deduction for interest and non-deductibility
of all, or a portion of, the cost of imported materials, equipment
and commodities; changes in foreign and domestic trade policies and
laws, including border tariffs, revisions to favorable
international trade agreements, and changes that make our exports
less competitive or otherwise restrict our ability to export;
expropriation of assets by foreign governments and title and other
property disputes; the impact on reliability of San Diego Gas &
Electric Company's (SDG&E) electric transmission and
distribution system due to increased amount and variability of
power supply from renewable energy sources; the impact on
competitive customer rates due to the growth in distributed and
local power generation and the corresponding decrease in demand for
power delivered through SDG&E's electric transmission and
distribution system and from possible departing retail load
resulting from customers transferring to Direct Access and
Community Choice Aggregation; 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 Energy has filed with the Securities and
Exchange Commission. These reports are available through the EDGAR
system free-of-charge on the SEC's
website, www.sec.gov, and on the company's
website at www.sempra.com. Investors should not
rely unduly on any forward-looking statements. These
forward-looking statements speak only as of the date hereof, and
the company undertakes no obligation to update or revise these
forecasts or projections or other forward-looking statements,
whether as a result of new information, future events or
otherwise.
[SRE-F]
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SOURCE Sempra Energy