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Cash Dividend On The Way From PG&E Corp.'s 5% Redeemable 1st Preferred

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 10/27/16, PG&E Corp.'s 5% Redeemable 1st Preferred (Symbol: PCG.PRD) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 11/15/16. As a percentage of PCG.PRD's recent share price of $26.15, this dividend works out to approximately 1.19%, so look for shares of PCG.PRD to trade 1.19% lower - all else being equal - when PCG.PRD shares open for trading on 10/27/16. On an annualized basis, the current yield is approximately 4.75%, which compares to an average yield of 4.78% in the "Utilities" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PCG.PRD shares, versus PCG:

Performance Comparison Chart

Below is a dividend history chart for PCG.PRD, showing historical dividends prior to the most recent $0.3125 on PG&E Corp.'s 5% Redeemable 1st Preferred:

PCG.PRD+Dividend+History+Chart

According to the ETF Finder at ETF Channel, PG&E Corp. (Symbol: PCG) makes up 7.06% of the Uranium+Nuclear Energy ETF ( NLR ) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, PG&E Corp.'s 5% Redeemable 1st Preferred (Symbol: PCG.PRD) is currently down about 0.8% on the day, while the common shares (Symbol: PCG) are trading flat.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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


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

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PCG PCG.PRD NLR

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