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| PG&E's Preferred Series A Shares Cross 7.5% Yield MarkBy Preferred Stock Channel Staff, Tuesday, August 22, 2:08 PM ET
In trading on Tuesday, shares of PG&E Corp's 5% Redeemable 1st Preferred Series A (AMEX:PCG.PRE) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $16.65 on the day. This compares to an average yield of 8.44% in the "Electric Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, PCG.PRE was trading at a 34.37% discount to its liquidation preference amount, versus the average discount of 33.46% in the "Electric Utilities" category. The chart below shows the one year performance of PCG.PRE shares, versus PCG:
Below is a dividend history chart for PCG.PRE, showing historical dividend payments on PG&E Corp's 5% Redeemable 1st Preferred Series A:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, PG&E Corp's 5% Redeemable 1st Preferred Series A (AMEX:PCG.PRE) is currently up about 1% on the day, while the common shares (NYSE:PCG) are up about 0.7%.
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