SREA · Sempra Energy, 5.75% Junior Subordinated Notes due 7/01/2079, cumulative · dividend, yield to call and par
Summary
SREA is a cumulative preferred of DBA Sempra. Par is $25.00. The coupon is 5.75%, fixed, paid as $0.3594 a quarter. It is not callable. The issuer is an operating company rated investment grade. The score is 7.3, Good.
4 payments a year. 21 paid since 2021, the amount varies.
Payments ↓The issuer holds no redemption right, so the yield to worst is the current yield. With the coupon fixed, a one-point move in rates shifts the price about 13%.
Price history ↓5.75% of $25 for as long as the shares are outstanding. A cumulative dividend: a missed payment is still owed.
Questions ↓Preferred equity, senior to the common and below every note and bond. The credit pillar is the weakest of four.
How the score works →| Ex-date | Pay date | Amount | Change | Note |
|---|---|---|---|---|
| Mar 15, 2027 | 04/05/27 | $0.3594 | 0.0% | estimated from the coupon |
| Dec 15, 2026 | 01/04/27 | $0.3594 | 0.0% | declared |
| Sep 15, 2026 | 10/01/26 | $0.3594 | 0.0% | paid |
| Jun 15, 2026 | 07/01/26 | $0.3594 | 0.0% | paid |
How it stacks up · similar preferreds
All baby bonds| Security | Current yield | Coupon | Credit quality | Call date | IQS |
|---|---|---|---|---|---|
| SREA this pageSempra Energy, 5.75% Junior Subordinated Notes due 7/01/2079 | 7.53% | 5.75% | Investment grade | None | 7.3 |
| T-CAT&T, Inc. 4.75% Depositary Shares Perpetual Preferred Stock, Series C | 7.58% | 4.75% | Investment grade | None | 7.9 |
| BEP-ABrookfield Renewable Partners L.P. 5.25% Class A Preferred Ltd Partnership Units Series 17 | 7.72% | 5.25% | Investment grade | Callable now | 7.3 |
| MS-EMorgan Stanley 7.125% Series E Fixed-to-Floating Preferred | 7.27% | 7.283% | Investment grade | Callable now | 6.2 |
| CMSCCMS Energy Corp., 5.875% Junior Subordinated Notes due 10/15/2078 | 7.21% | 5.875% | Investment grade | Callable now | 7.1 |
Chosen from the 29 preferreds with open records: other issuers only, the same credit quality first, then the closest current yield. Mandatory convertibles are matched only with each other.
Questions about SREA
How much does SREA pay, and how often?
SREA pays $1.44 a share a year. That is 5.75% of the $25.00 face value. At the November 9 close of $19.09, it is a 7.53% current yield.
When is SREA’s next ex-dividend date?
December 15, 2026. The $0.36 payment is payable January 4, 2027. DBA Sempra has declared it.
Are SREA’s payments qualified dividends?
No. SREA is a bond, so it pays interest, which is taxed as ordinary income.
Can SREA be called?
No. SREA has no call date.
Does SREA have a maturity date?
No. SREA is perpetual. DBA Sempra is not required to repay the $25.00 on any date.
What is SREA’s credit quality?
Investment grade. YieldDesk shows credit quality as Investment grade, High yield or Not rated.
What is SREA’s Income Quality Score?
SREA scores 7.3 out of 10, in the Good tier, computed on November 9, 2026 from filings and market data. The score weighs four pillars: coverage and protection, credit, buyback economics, and structure. Credit is the lowest, at 5.5. The methodology page explains each pillar.
Payments from issuer declarations; terms from the prospectus on SEC EDGAR; price from licensed market data, delayed 15 minutes. Credit quality shows Investment grade, High yield or Not rated. The Income Quality Score is computed from filings and market data; the methodology page lists each class’s pillars. IQS describes a security. It is not investment advice or a recommendation to buy, sell or hold.
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