Sempra Energy (SRE) will raise its quarterly dividend by 8.0 percent to $1.045 per share in 2020. This will mark the 10th consecutive year of annual dividend growth by the utility holding company. On average, the company has increased its dividend by more than 10% annually for the last decade.

The next dividend is payable April 15, 2020, to common stock shareholders of record as of March 20, 2020. A new annual amount of $4.18 per share yields 2.6% at a stock price of $146.

San Diego-based Sempra Energy is a holding company whose operating units are San Diego Gas & Electric Company and Southern California Gas Company, Sempra International (which includes Sempra South American Utilities and Sempra Mexico segments), and Sempra U.S. Gas & Power (which includes Sempra Renewables and Sempra Natural Gas segments).