Dates Set for PG&E Quarterly Stock Dividends

Rhea-AI Summary

On May 16, 2024, PG&E (NYSE: PCG) announced its second-quarter 2024 cash dividend of $0.01 per share, payable on July 15, 2024, to shareholders recorded by June 28, 2024.

Additionally, its subsidiary, Pacific Gas and Electric Company (PG&E), declared preferred stock dividends for the three-month period ending July 31, 2024. These dividends will be paid on August 15, 2024, to shareholders recorded by July 31, 2024. The preferred dividends are distributed across eight series, with rates ranging from 4.36% to 6.00% and payments per share from $0.27250 to $0.37500.

Positive

• PG&E announced a regular cash dividend, reflecting financial stability.
• The dividend announcement includes both common and preferred stock.
• Preferred stockholders will receive dividends ranging from $0.27250 to $0.37500 per share.
• The dividend schedule shows a structured and predictable payout plan.

Negative

• Common stock dividend is relatively low at $0.01 per share.
• No growth in the dividend amount compared to previous periods.
• Potential investor dissatisfaction due to the low yield on common stock dividends.

OAKLAND, Calif., May 17, 2024 /PRNewswire/ -- On May 16, 2024, PG&E Corporation (NYSE: PCG) declared its second-quarter 2024 regular cash dividend of $0.01 per share on the Corporation's common stock. The dividend is payable on July 15, 2024, to shareholders of record as of June 28, 2024.

In addition, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company (PG&E), declared the regular preferred stock dividend for the three-month period ending July 31, 2024, to be payable on August 15, 2024, to shareholders of record as of July 31, 2024. PG&E will pay dividends 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

About PG&E Corporation
PG&E Corporation (NYSE: PCG) is a holding company headquartered in Oakland, California. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California.
For more information, visit http://www.pgecorp.com.

 

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SOURCE PG&E Corporation

FAQ

When will PG&E pay the second-quarter 2024 dividend?

PG&E will pay the second-quarter 2024 dividend on July 15, 2024.

What is the dividend amount for PG&E's common stock?

The dividend amount for PG&E's common stock is $0.01 per share.

When is the record date for PG&E's common stock dividend?

The record date for PG&E's common stock dividend is June 28, 2024.

What is the payment date for PG&E's preferred stock dividends?

The payment date for PG&E's preferred stock dividends is August 15, 2024.

What are the dividend rates for PG&E's preferred stock?

Dividend rates for PG&E's preferred stock range from 4.36% to 6.00%.

What are the dividend amounts for PG&E's preferred stock?

Dividend amounts for PG&E's preferred stock range from $0.27250 to $0.37500 per share.

When is the record date for PG&E's preferred stock dividend?

The record date for PG&E's preferred stock dividend is July 31, 2024.