Efficient Financing & Incremental Investment Opportunities
1.
2.
STRONG HISTORICAL DIVIDEND GROWTH
Historical Annualized Dividend Per Share
9% CAGR
$4.40
$4.18
$3.87
$3.58
$3.29
$3.02
$2.80
$2.40
$2.52
$2.64
$1.92
Top decile in 10-year
dividend CAGR²
Targeting payout ratio
of 50%-60%¹
Raised the dividend for
11 consecutive years
Commitment to return
cash to shareholders
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
20211
Targeted Dividend Payout Ratio is for 2021 - 2025. The amount and timing of dividends payable and the dividend policy are at the sole discretion of the Sempra Board of Directors and, if declared and paid, dividends may be in amounts that are
materially less than projected.
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Data from Bloomberg. Relative to each company's 10-year CAGR included in the S&P 500 Utilities Index.
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