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

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Shutterstock photo

Shutterstock photo

In trading on Monday, 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 $29.02 on the day. This compares to an average yield of 4.85% in the "Utilities" preferred stock category, according to Preferred Stock Channel . As of last close, PCG.PRB was trading at a 28.16% premium to its liquidation preference amount, versus the average premium of 4.97% 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:

PCG.PRB+Dividend+History+Chart

In Monday trading, PG&E Corp's 5.5% 1st Preferred Non-Redeemable (Symbol: PCG.PRB) is currently down about 12.1% on the day, while the common shares (Symbol: PCG) are trading flat.

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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