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PG&E Corp.'s 5% Redeemable 1st Preferred Series A About To Put More Money In Your Pocket

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Shutterstock photo

Shutterstock photo

On 1/27/17, PG&E Corp.'s 5% Redeemable 1st Preferred Series A (Symbol: PCG.PRE) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 2/15/17. As a percentage of PCG.PRE's recent share price of $26.60, this dividend works out to approximately 1.17%, so look for shares of PCG.PRE to trade 1.17% lower - all else being equal - when PCG.PRE shares open for trading on 1/27/17. On an annualized basis, the current yield is approximately 4.70%, which compares to an average yield of 4.96% in the "Utilities" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PCG.PRE shares, versus PCG:

Performance Comparison Chart

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

PCG.PRE+Dividend+History+Chart

According to the ETF Finder at ETF Channel, PG&E Corp. (Symbol: PCG) makes up 7.10% of the Uranium+Nuclear Energy ETF ( NLR ) which is trading lower by about 0.2% on the day Wednesday.

In Wednesday trading, PG&E Corp.'s 5% Redeemable 1st Preferred Series A (Symbol: PCG.PRE) is currently trading flat on the day, while the common shares (Symbol: PCG) are off about 0.2%.

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.

In This Story

PCG NLR PCG.PRE

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