PG&E Sets Common and Preferred Dividends

Utility operator PG&E (NYSE: PCG  ) announced yesterday its second-quarter dividend of $0.455 per share, the same rate it's paid since 2010.

The board of directors said the quarterly dividend is payable on July 15 to the holders of record at the close of business on July 1. The utility operator has made quarterly payouts to investors since since 1916, except for a three-year period between 2001 and 2004. 

The board also announced it will pay dividends on its eight series of preferred stock as follows:

Preferred Stock
Redeemable
5.00% $0.31250
5.00% Series A $0.31250
4.80% $0.30000
4.50% $0.28125
4.36% $0.27250
   
Non-Redeemable
6.00% $0.37500
5.50% $0.34375
5.00% $0.31250

The dividends on the preferred shares are payable on Aug. 15 to holders of record on July 31.

The regular dividend payment equates to a $1.82-per-share annual dividend, yielding 4.1% based on the closing price of PG&E's stock on June 19.

PCG Dividend Chart

PCG Dividend data by YCharts.

link


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2500782, ~/Articles/ArticleHandler.aspx, 11/27/2014 7:07:39 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement