Company: SREA
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001140361-25-010983
Chunk: 42

Company: SEMPRA
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 42
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 We strive to deliver solid growth across our businesses, which we believe should provide us with a broad spectrum of opportunities to deploy capital on attractive terms. Further, we remain focused on delivering shareholder value by growing earnings and prioritizing the return of capital to shareholders. Long-Term Growth Our 2024 achievements build on our strong long-term financial performance, which has contributed to our robust long-term growth and shareholder value creation. We have a long track record of returning value to shareholders:

| • | Strong Dividend Growth: The CAGR of our common stock dividend exceeded the median CAGR for companies in the S&P 500 Utilities Index over the past 10 and 20 years. |

| • | 15 Consecutive Years of Dividend Increases: From 2010 to 2024, we increased our annual dividend from $0.78 to $2.48 per common share. The Board of Directors raised the dividend for the fifteenth consecutive year in 2025, increasing the dividend to $2.58 per common share on an annualized basis, and continues to target a competitive and sustainable dividend growth rate. |

| 38 |     | 2025 Proxy Statement |

TABLE OF CONTENTS Executive Compensation

In addition, our market capitalization more than doubled over the past 10 years, from $27 billion at the end of 2014 to $56 billion at the end of 2024. Our total shareholder return for the three-year period ended December 31, 2024 far outpaced the return of the S&P 500 Utilities Index and more than tripled the returns of the S&P 500 and S&P 500 Utilities Indices since the beginning of this century (from December 31, 1999 through December 31, 2024). Figure 1

| (1) | As of or for the years ended December 31, 2014, 2019 and 2024, as the context requires. Dollars in billions, except annual dividends. |

| (2) | Adjusted Earnings is a non-GAAP financial measure. Adjusted Earnings for the years ended December 31, 2014 and 2019 have been updated from their original presentation to exclude additional items to conform to the presentation for the year ended December 31, 2024. For a reconciliation of GAAP Earnings to Adjusted Earnings, see Appendix A to this proxy statement. |

| (3) | For periods ended December 31, 2024. |

| (4