SAN DIEGO, Dec. 18, 2018 /PRNewswire/ -- Today, the
Sempra Energy (NYSE:SRE) board of directors declared a quarterly
dividend of $0.8950 per share of
common stock. The common stock dividend is payable Jan. 15, 2019, to common stock shareholders of
record at the close of business on Dec. 31,
2018.
The company's board of directors also declared a quarterly
dividend of $1.50 per share on Sempra
Energy's 6-percent Mandatory Convertible Preferred Stock, Series A
(Preferred Stock, Series A). The Preferred Stock, Series A,
dividend will be payable Jan. 15,
2019, to Preferred Stock, Series A, shareholders of record
at the close of business on Jan. 1,
2019.
Additionally, Sempra Energy's board of directors declared a
quarterly dividend of $1.6875 per
share on the company's 6.75-percent Mandatory Convertible Preferred
Stock, Series B (Preferred Stock, Series B). The Preferred Stock,
Series B, dividend will be payable Jan. 15,
2019, to Preferred Stock, Series B, shareholders of record
at the close of business on Jan. 1,
2019.
Sempra Energy, a San
Diego-based energy services holding company with 2017
revenues of more than $11 billion, is
the utility holding company with the largest U.S. customer base.
The Sempra Energy companies' approximately 20,000 employees serve
more than 40 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 such as
"believes," "expects," "anticipates," "plans," "estimates,"
"projects," "forecasts," "contemplates," "assumes," "depends,"
"should," "could," "would," "will," "confident," "may," "can,"
"potential," "possible," "proposed," "target," "pursue," "outlook,"
"maintain," or similar expressions or when we discuss our
guidance, strategy, plans, goals, vision, 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 our actual results
and future actions to differ materially from those described in any
forward-looking statements include risks and uncertainties relating
to: 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 Department of Conservation's 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, Public Utility Commission of
Texas, states, cities and
counties, and other regulatory and governmental bodies in the U.S.
and other countries in which we operate; the timing and success of
business development efforts, major acquisitions such as our
interest in Oncor, and construction projects, including risks in
(i) timely obtaining or maintaining permits and other
authorizations, (ii) completing construction projects on schedule
and on budget, (iii) obtaining the consent and participation of
partners and counterparties and their ability to fulfill
contractual commitments, and (iv) not realizing anticipated
benefits; 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; denial of approvals of proposed
settlements; and delays in, or disallowance or denial of,
regulatory agency authorizations to recover costs in rates from
customers or regulatory agency approval for projects required to
enhance safety and reliability; and moves to reduce or eliminate
reliance on natural gas; the greater degree and prevalence of
wildfires in California in recent
years and risk that we may be found liable for damages regardless
of fault, such as where inverse condemnation applies, and risk that
we may not be able to recover any such costs in rates from
customers in California; the
availability of electric power and natural gas and natural gas
storage capacity, including disruptions caused by failures in the
transmission grid, limitations on the withdrawal or injection of
natural gas from or into storage facilities, and equipment
failures; risks posed by actions of third parties who control the
operations of our investments; weather conditions, natural
disasters, accidents, equipment failures, computer system outages,
explosions, terrorist attacks and other events that disrupt our
operations, damage our facilities and systems, cause the release of
harmful materials, 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), 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; 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; our ability to successfully execute our
plan to divest certain non-utility assets within the anticipated
timeframe, if at all, or that such plan may not yield the
anticipated benefits; actions of activist shareholders, which could
impact the market price of our equity and debt securities and
disrupt our operations as a result of, among other things,
requiring significant time and attention by management and our
board of directors; changes in capital markets, energy markets and
economic conditions, including the availability of credit and the
liquidity of our investments; and volatility in inflation, interest
and currency exchange rates and commodity prices and our ability to
effectively hedge the risk of such volatility; the impact of recent
federal tax reform and uncertainty as to how it may be applied, and
our ability to mitigate adverse impacts; actions by credit rating
agencies to downgrade our credit ratings or those of our
subsidiaries or to place those ratings on negative outlook and our
ability to borrow at favorable interest rates; changes in foreign
and domestic trade policies and laws, including border tariffs, and
revisions to or replacement of international trade agreements, such
as the North American Free Trade Agreement, that may increase our
costs or impair our ability to resolve trade disputes; the ability
to win competitively bid infrastructure projects against a number
of strong and aggressive competitors; expropriation of assets by
foreign governments and title and other property disputes; the
impact on reliability of San Diego Gas & Electric'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 from possible
departing retail load resulting from customers transferring to
Direct Access and Community Choice Aggregation or other forms of
distributed and local power generation and the potential 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 capital
requirements and commitments, or the determination by Oncor's
independent directors or a minority member director to retain such
amounts to meet future requirements; 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 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.
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.
Sempra South American Utilities, Sempra North American
Infrastructure, Sempra LNG & Midstream, Sempra Renewables,
Sempra Mexico, Sempra Texas Utility, Oncor Electric Delivery
Company LLC (Oncor) and Infraestructura Energética Nova, S.A.B. de
C.V. (IEnova) are not the same companies as the California utilities, San Diego Gas &
Electric Company (SDG&E) or Southern California Gas Company
(SoCalGas), and Sempra South American Utilities, Sempra North
American Infrastructure, Sempra LNG & Midstream, Sempra
Renewables, Sempra Mexico, Sempra Texas Utility, Oncor and IEnova
are not regulated by the California Public Utilities
Commission.
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SOURCE Sempra Energy