PG&E's 1st Preferred Shares Cross 4.5% Yield Mark

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In trading on Friday, shares of PG&E Corp.'s 5.5% 1st Preferred Non-Redeemable (Symbol: PCG.PRB) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $29.90 on the day. This compares to an average yield of 4.84% in the "Utilities" preferred stock category, according to Preferred Stock Channel . As of last close, PCG.PRB was trading at a 18.80% premium to its liquidation preference amount, versus the average premium of 4.84% in the "Utilities" category. Investors should keep in mind that the shares are not cumulative , meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of PCG.PRB shares, versus PCG:

Performance Comparison Chart

Below is a dividend history chart for PCG.PRB, showing historical dividend payments on PG&E Corp.'s 5.5% 1st Preferred Non-Redeemable:


In Friday trading, PG&E Corp.'s 5.5% 1st Preferred Non-Redeemable (Symbol: PCG.PRB) is currently down about 2.3% on the day, while the common shares (Symbol: PCG) are up about 0.1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas
Referenced Symbols: PCG.PRB , PCG

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