I think it was in the last twenty-four, maybe thirty-six, hours that a reader wrote me with regard to the California heat wave and grid. I noted in passing that "someone" was going to be spending a lot of money buying electricity.
Now, at 3:18 a.m., I get an alert that SRE has declared its next quarterly dividend in line with previous. I was curious when SRE last raised its dividend.
I almost missed it but in the process of looking for SRE's dividend history, I happened to see the closing price of SRE today. I about fell off my chair. Are you kidding me? I looked for any news but there wasn't any except the aforementioned record electricity demand.
SRE jumped $5.66 / share today; up 3.37%, closed at $173.49. It's 52-week high was probably set today at $173.70.
Utilities aren't supposed to do this. LOL.
I've always considered SRE a $124-share stock.
I guess I can take Sophia out for sushi after all this weekend. I just told her I couldn't afford sushi any more. She said just pay for it on my credit card. Seriously, she thought that once you "bought" a credit card, it was all paid for. Wow.
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