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Sempra Energy raises common dividend by 9%


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Sempra Energy raises common dividend by 9%

Sempra Energy raised its annual dividend rate to $3.58 per common share, an approximate 9% increase over the previous annual dividend rate of $3.29 per share.

The first quarterly dividend installment of 89.50 cents per share is payable April 15 to shareholders of record March 23, according to a Feb. 22 news release.

The energy services holding company also declared a quarterly dividend of $1.60 per share on its 6% mandatory convertible preferred stock, series A. The dividend is payable April 15 to preferred shareholders of record as of April 1.