Southern California Gas Company Preferred 6% Perpetual

Southern California Gas Company Preferred 6% Perpetual is a class of equity security issued by the Southern California Gas Company, specifically categorized under preferred stock. Designed primarily to provide shareholders with consistent and stable income, this asset features a fixed dividend rate of 6% per annum. It is classified as a "perpetual" security, signaling that it has no maturity date, allowing it to contribute indefinitely to an investor's equity portfolio. This preferred stock plays an integral role in attracting capital while maintaining lower volatility compared to common stock, appealing to investors seeking more predictable returns. As part of the utility sector, Southern California Gas Company is involved in the distribution of natural gas in southern California, impacting industries ranging from residential energy consumption to large-scale industrial operations. In the broader financial market, preferred stocks like this serve as a strategic tool for companies, helping to reinforce financial stability by offering attractive returns to investors while deferring voting rights. This dynamic aids in securing long-term investments, contributing to the solid foundation of utility markets.