Sempra Energy (NYSE:SRE) Announces Dividend Increase – $0.66 Per Share

Sempra Energy (NYSE:SREGet Free Report) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Thursday, March 19th will be given a dividend of 0.6575 per share by the utilities provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 19th. This is a 1.9% increase from Sempra Energy’s previous quarterly dividend of $0.65.

Sempra Energy has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 22 years. Sempra Energy has a dividend payout ratio of 51.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of SRE stock opened at $96.04 on Friday. The company’s 50-day simple moving average is $89.49 and its two-hundred day simple moving average is $88.63. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.59 and a quick ratio of 1.56. Sempra Energy has a one year low of $61.90 and a one year high of $97.44. The company has a market capitalization of $62.68 billion, a P/E ratio of 29.46, a P/E/G ratio of 3.57 and a beta of 0.74.

Sempra Energy (NYSE:SREGet Free Report) last released its quarterly earnings data on Thursday, February 26th. The utilities provider reported $1.28 EPS for the quarter, topping the consensus estimate of $1.12 by $0.16. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.82 billion. Sempra Energy had a return on equity of 8.67% and a net margin of 15.63%.Sempra Energy’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the business posted $1.50 EPS. As a group, equities analysts anticipate that Sempra Energy will post 4.76 EPS for the current year.

Sempra Energy News Summary

Here are the key news stories impacting Sempra Energy this week:

Sempra Energy Company Profile

(Get Free Report)

Sempra Energy is a San Diego–based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas. Its operations include regulated utility services that provide electric and gas distribution to residential, commercial and industrial customers, as well as non‑regulated infrastructure businesses that develop and manage large-scale energy assets.

The company’s product and service portfolio spans electricity and natural gas delivery, transmission and storage, liquefied natural gas (LNG) facilities, power generation and electric transmission projects.

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Dividend History for Sempra Energy (NYSE:SRE)

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