Dividends & Buybacks ·
Southern California Gas Company shareholders approved the retirement of all outstanding shares of its 6% Preferred…
SOCGMSouthern California Gas Co
Southern California Gas Company shareholders approved the retirement of all outstanding shares of its 6% Preferred Stock ($25 par) and Series A Preferred Stock ($25 par). Each preferred share will be retired for $31.00 plus accrued unpaid dividends, resulting in a total cash payment of approximately $31.14 per share. The company plans to file the amended Restated Articles of Incorporation on August 17, 2026, which is the effective retirement date. Voluntary delisting from OTC Markets is scheduled for around August 13, 2026. Voting results showed approval by common stock (91.3 million votes), Preferred Stock (65,471 for), and Series A Preferred Stock (399,589 for). Southern California Gas Company operates in the utility industry, providing natural gas distribution services.