Sempra Energy (NYSE:SRE) has increased its quarterly dividend to $0.6575 per share, marking the 22nd consecutive year of dividend increases for the utilities provider. The company’s Q4 earnings beat analyst EPS estimates ($1.28 vs. $1.12) but revenue missed expectations, while management also boosted its five-year capital spending plan and raised its 2030 EPS outlook, contributing to a slight increase in stock price. Analysts such as Morgan Stanley maintain a positive outlook on the stock.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Sempra Energy (NYSE:SRE) Raises Dividend to $0.66 Per Share
Sempra Energy (NYSE:SRE) has increased its quarterly dividend to $0.6575 per share, marking the 22nd consecutive year of dividend increases for the utilities provider. The company’s Q4 earnings beat analyst EPS estimates ($1.28 vs. $1.12) but revenue missed expectations, while management also boosted its five-year capital spending plan and raised its 2030 EPS outlook, contributing to a slight increase in stock price. Analysts such as Morgan Stanley maintain a positive outlook on the stock.