PG&E's 1st Preferred Shares Cross 6.5% Yield Mark

In trading on Tuesday, shares of PG&E Corp's 4.8% Redeemable 1st Preferred (Symbol: PCG.PRG) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.20), with shares changing hands as low as $18.35 on the day. This compares to an average yield of 6.57% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, PCG.PRG was trading at a 28.16% discount to its liquidation preference amount, versus the average discount of 18.02% in the "Utilities" category.

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

Below is a dividend history chart for PCG.PRG, showing historical dividend payments on PG&E Corp's 4.8% Redeemable 1st Preferred:

In Tuesday trading, PG&E Corp's 4.8% Redeemable 1st Preferred (Symbol: PCG.PRG) is currently off about 0.2% on the day, while the common shares (Symbol: PCG) are down about 1.6%.

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