Sempra's SoCalGas Announces Board Approval To Retire All Outstanding 6% Preferred, Series A Preferred Shares For $31.135616 Per Share Cash On August 17
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Why It Matters
A big gas company decided to pay back special shares it sold to investors for $31.14 each on a certain date. When companies return money to shareholders, it shows they have cash on hand and want to simplify their structure.
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