PG&E's Preferred Shares Cross 4.5% Yield Mark

In trading on Friday, shares of PGE Corp.’s 4.5% Redeemable 1st Preferred (Symbol: PCG.PRH) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $1.125), with shares changing hands as low as $24.77 on the day. This compares to an average yield of 4.95% in the “Utilities” preferred stock category, according to Preferred Stock Channel . As of last close, PCG.PRH was trading at a 2.60% discount to its liquidation preference amount, versus the average premium of 2.45% in the “Utilities” category.

The chart below shows the one year performance of PCG.PRH shares, versus PCG:

Performance Comparison Chart

Below is a dividend history chart for PCG.PRH, showing historical dividend payments on PGE Corp.’s 4.5% Redeemable 1st Preferred:


In Friday trading, PGE Corp.’s 4.5% Redeemable 1st Preferred (Symbol: PCG.PRH) is currently down about 0.5% on the day, while the common shares (Symbol: PCG) are up about 1%.

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