In trading on Wednesday, shares of PG&E Corp's 5% Redeemable 1st Preferred (Symbol: PCG.PRD) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $19.15 on the day. This compares to an average yield of 6.62% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, PCG.PRD was trading at a 25.24% discount to its liquidation preference amount, versus the average discount of 19.03% in the "Utilities" category.
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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 dividend payments on PG&E Corp's 5% Redeemable 1st Preferred:
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In Wednesday trading, PG&E Corp's 5% Redeemable 1st Preferred (Symbol: PCG.PRD) is currently up about 0.4% on the day, while the common shares (Symbol: PCG) are up about 0.5%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
