On 7/29/14, PG&E Corp.'s 5% Redeemable 1st Preferred (Symbol: PCG.PRD) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 8/15/14. As a percentage of PCG.PRD's recent share price of $23.55, this dividend works out to approximately 1.33%, so look for shares of PCG.PRD to trade 1.33% lower - all else being equal - when PCG.PRD shares open for trading on 7/29/14. On an annualized basis, the current yield is approximately 5.31%, which compares to an average yield of 4.58% 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:
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:
According to the ETF Finder at ETF Channel, PG&E Corp. (Symbol: PCG) makes up 4.22% of the Utilities Select Sector SPDR Fund ETF ( XLU ) which is trading relatively unchanged on the day Friday.
In Friday trading, PG&E Corp.'s 5% Redeemable 1st Preferred (Symbol: PCG.PRD) is currently trading flat on the day, while the common shares (Symbol: PCG) are trading flat.