Sempra declares a common dividend | News
SAN DIEGO, May 12, 2022 /PRNewswire/ — sempra (NYSE: SRE) (BMV: SRE) today announced that its Board of Directors has declared a $1.145 per share quarterly dividend on the Company’s common stock, which is payable July 15, 2022to common shareholders of record at the close of business on July 7, 2022.
Sempra’s mission is to be North America leading energy infrastructure company. The Sempra family of companies has 20,000 talented employees who deliver energy with determination to nearly 40 million consumers. With over $72 billion of the total balance sheet at the end of 2021, the San Diegoowns one of the largest energy networks in the North America help some of the world’s major economies switch to cleaner energy sources. The company helps advance the global energy transition through electrification and decarbonization in the markets 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 focused on safety, workforce development and training, diversity and inclusion . Sempra is the only North American utility company to be listed on the Dow Jones Sustainability World Index and was also named one of the “World’s Most Admired Companies” for 2022 by Fortune magazine. For more information about Sempra, please visit the Sempra website at sepra.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 about the future, involve risks and uncertainties and are not guarantees. . Future results may differ materially from those expressed in the forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We undertake 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 may be identified by words such as “believes”, “expects”, “intends”, “anticipates”, “plans”, “estimates”, “projects ”, “plans”, “should”, “could”, “would”, “should”, “confident”, “may”, “may”, “potential”, “possible”, “proposed”, “in progress” , “under construction”, “in development”, “opportunity”, “target”, “outlook”, “maintain”, “continue”, “aim”, “goal”, “commit” or similar expressions, or when we discuss our directions, 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 the forward-looking statements include the risks and uncertainties relating to: California forest fires, including the risks that we may be held liable for damages regardless of fault and that we may not be able to recover all or a substantial part of the costs from insurance, the fire fund of forest established by California Assembly Bill 1054, in customer tariffs or a combination thereof; decisions, investigations, regulations, issuances or revocations of permits and other authorizations, franchise renewals and other actions by (i) the California Public Utilities Commission (CPUC), Comisión Reguladora de Energía, US Department of Energy, US Federal Energy Regulatory Commission, public utility commission Texasand other regulatory and governmental agencies and (ii) states, counties, cities and other jurisdictions in the United States, Mexico and other countries in which we operate; the success of business development efforts, construction projects and acquisitions and divestitures, including risks relating to (i) the ability to make a final investment decision, (ii) the completion of construction projects or other transactions on time and on budget, (iii) the ability to realize the anticipated benefits of any of these efforts if successful, and (iv) obtaining the consent or approval of partners or other third parties, including government entities and regulators; the resolution of civil and criminal disputes, regulatory investigations, investigations and proceedings, arbitrations and real estate disputes, including those related to the natural gas leak at the Aliso natural gas storage facility Canyon of the Southern California Gas Company (SoCalGas); changes in laws, including changes to certain from Mexico laws and regulations that impact the licensing of energy suppliers, energy contract tariffs, the electricity industry in general and the ability to import, export, transmit and store hydrocarbons; cybersecurity threats, including from state and state-sponsored actors, to the energy network, storage and pipeline infrastructure, information and systems used to operate our business, and the 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 whom we do business, all of which have become more pronounced due to recent geopolitical events and other uncertainties, such as the war in Ukraine; the failure of foreign governments and public entities to honor their contracts and commitments; actions by credit rating agencies to lower our credit ratings or place such ratings on a negative outlook and our ability to borrow on favorable terms and meet our debt service obligations; the impact of energy and climate policies, legislation, rulemaking and disclosures, and related targets set and actions taken by companies in our industry, including actions to reduce or eliminate reliance on natural gas generally and any deterioration or increased uncertainty in the policy or regulatory environment for California natural gas distribution companies and the risk of non-recovery of blocked assets; the pace of development and adoption of new technologies in the energy sector, including those designed to support the energy and climate objectives of governments and private parties, and our ability to integrate them in a timely and economic in our activities; weather conditions, natural disasters, pandemics, accidents, equipment failures, explosions, acts of terrorism, information system failures or other events that disrupt our operations, damage our facilities and systems, cause the release of harmful materials, cause fires or expose us to liability for property damage or bodily injury, fines and penalties, some of which may not be covered by insurance, may be disputed by insurers or may otherwise not be recoverable through mechanisms regulations or may affect our ability to obtain satisfactory levels of affordable insurance; the availability of electricity and natural gas and natural gas storage capacity, including disruptions caused by transmission system failures or limitations on the withdrawal of natural gas from storage facilities; the impact of the COVID-19 pandemic, including potential vaccination mandates, on capital projects, regulatory approvals and execution of our operations; the impact at San Diego Gas & Electric Company (SDG&E) on competitive rates and customer reliability due to growth in distributed and local power generation, including retail outbound load resulting from the transfer of customers to Community Choice Aggregation and Direct Access, and the risk of non-recovery of escrow assets and contractual obligations; the ability of Oncor Electric Delivery Company LLC (Oncor) to eliminate or reduce its quarterly dividends due to regulatory and governance requirements and commitments, including through the actions of Oncor’s independent directors or a director minority member; exchange rate, inflation and interest rate and commodity price volatility, including inflationary pressures in the United States, and our ability to effectively hedge such risks and, with respect to the inflation and interest rates, the impact on SDG&E’s and SoCalGas’ cost of capital and the affordability of customer rates; changes in tax and trade policies, laws and regulations, including tariffs, revisions to international trade agreements and sanctions, such as those that have been imposed and may be imposed in the future under of the war in Ukraine, which may increase our costs, reduce our competitiveness, impact our ability to do business with certain current or potential counterparties, or impair our ability to resolve commercial disputes; and other uncertainties, some of which may be difficult to predict and are beyond our control.
These risks and uncertainties are discussed in more detail in the reports that Sempra has filed with the United States Securities and Exchange Commission (SEC). These reports are available free of charge through the EDGAR system on the SEC’s website, www.sec.govand on the Sempra site, www.sempra.com. Investors should not place undue reliance on forward-looking statements.
Sempra Infrastructure, Sempra Texas, Sempra Texas Utilities, Oncor and Infraestructura Energética Nova, SAPI de CV (IEnova) are not the same companies as California utilities, SDG&E or SoCalGas, and Sempra Infrastructure, Sempra Texas, Sempra Texas Utilities, Oncor and IEnova are not regulated by the CPUC.
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