Sempra Energy (SRE) to Issue Quarterly Dividend of $0.65 on January 15th

Sempra Energy (NYSE:SRE) announced a quarterly dividend on Thursday, November 6th. Investors of record on Thursday, December 11th will be given a dividend of 0.645 per share by the utilities provider on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Thursday, December 11th.

Sempra Energy has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 22 consecutive years. Sempra Energy has a payout ratio of 51.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Sempra Energy to earn $5.14 per share next year, which means the company should continue to be able to cover its $2.58 annual dividend with an expected future payout ratio of 50.2%.

Sempra Energy Stock Up 0.9%

SRE stock opened at $93.63 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.48 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $88.43 and a two-hundred day moving average price of $81.32. The company has a market cap of $61.09 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 2.84 and a beta of 0.68. Sempra Energy has a twelve month low of $61.90 and a twelve month high of $95.77.

Sempra Energy (NYSE:SRE) last released its earnings results on Wednesday, November 5th. The utilities provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.27. Sempra Energy had a net margin of 20.28% and a return on equity of 8.42%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the business earned $0.89 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. Analysts anticipate that Sempra Energy will post 4.76 EPS for the current fiscal year.

Sempra Energy Company Profile

Sempra operates as an energy infrastructure company in the United States and internationally. It operates through three segments: Sempra California, Sempra Texas Utilities, and Sempra Infrastructure. The Sempra California segment provides electric services; and natural gas services to San Diego County.