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 Featured MNV Articles:
| PG&E Corp's 5% 1st Preferred Non-Redeemable Ex-Dividend ReminderBy Preferred Stock Channel Staff, Thursday, April 25, 1:33 PM ET
On 4/29/24, PG&E Corp's 5% 1st Preferred Non-Redeemable (AMEX:PCG.PRC) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 5/15/24. As a percentage of PCG.PRC's recent share price of $18.50, this dividend works out to approximately 1.69%, so look for shares of PCG.PRC to trade 1.69% lower — all else being equal — when PCG.PRC shares open for trading on 4/29/24. On an annualized basis, the current yield is approximately 6.76%, which compares to an average yield of 6.63% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, PCG.PRC was trading at a 28.16% discount to its liquidation preference amount. 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.PRC shares, versus PCG:
Below is a dividend history chart for PCG.PRC, showing historical dividends prior to the most recent $0.3125 on PG&E Corp's 5% 1st Preferred Non-Redeemable: Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
In Thursday trading, PG&E Corp's 5% 1st Preferred Non-Redeemable (AMEX:PCG.PRC) is currently up about 1.6% on the day, while the common shares (NYSE:PCG) are trading flat.
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