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Friday, March 1, 2024

SRE Dividend Increase

Sempra (SRE) increased its quarterly dividend by 4.20%, from 59.5¢ to 62¢ per share.

The dividend will be paid on 15 April to shareholders of record on 21 March. The ex-dividend date is 20 March.

SRE's contribution to DivGro's projected annual dividend income will increase by $30 to $744.

I own 300 shares of SRE at an average cost basis of $72.58 per share. Following this increase, my yield on cost is 3.38%. (SRE's forward yield is 3.41% at $69.75 per share). 

5-Year History of Dividend Payouts
2019 2020 2021 2022 2023 2024
$1.935 $2.090 $2.200 $2.290 $2.380 $2.480
8.11% 8.00% 5.26% 4.09% 3.93% 4.20%
5-year DGR: 5.86% 5.09%

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