Dates Set for Pacific Gas and Electric Company Quarterly Preferred Stock Dividend

Rhea-AI Summary

Pacific Gas and Electric Company has declared a regular preferred stock dividend of $0.31250 per share for the 5.00% Series A for the period ending October 31, 2022. This dividend will be payable on November 15, 2022, to shareholders on record as of October 31, 2022. The company will also pay dividends on various other series of preferred stock, including rates ranging from 4.36% to 6.00% per share. Common stock dividends have not been reinstated.

Positive

• Regular preferred stock dividend of $0.31250 per share for Series A reflects company’s commitment to shareholders.
• Dividend payment is scheduled for November 15, 2022.

Negative

• Common stock dividends have not been reinstated, potentially disappointing common shareholders.

OAKLAND, Calif.--(BUSINESS WIRE)-- Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), declared the regular preferred stock dividend for the three-month period ending October 31, 2022, to be payable on November 15, 2022, to shareholders of record on October 31, 2022. Pacific Gas and Electric Company will pay a dividend on its eight series of preferred stock as follows:

First Preferred Stock, $25 Par Value	Quarterly Dividend to be Paid Per Share
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

In order to be considered a shareholder of record for the dividend payment, you must have purchased the stock at least one trading day before the record date.

This update only refers to Pacific Gas and Electric Company preferred shares, not to shares of PG&E Corporation common stock, for which a dividend has not been reinstated.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220920006189/en/

MEDIA RELATIONS:

415-973-5930

Source: Pacific Gas and Electric Company

FAQ

What is the dividend amount for Pacific Gas and Electric Company's preferred stock?

The dividend amount for the 5.00% Series A preferred stock is $0.31250 per share.

When will the preferred stock dividend be paid?

The preferred stock dividend will be paid on November 15, 2022.

What is the record date for the preferred stock dividend?

The record date for the preferred stock dividend is October 31, 2022.

Are there dividends for common stock for Pacific Gas and Electric Company?

No, common stock dividends have not been reinstated.