PG&E's Preferred Series A Shares Cross 5% Yield Mark

In trading on Thursday, shares of PGE Corp’s 5% Redeemable 1st Preferred Series A (Symbol: PCG.PRE) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $24.96 on the day. This compares to an average yield of 4.41% in the “Utilities” preferred stock category, according to Preferred Stock Channel . As of last close, PCG.PRE was trading at a 1.98% premium to its liquidation preference amount, versus the average premium of 4.89% in the “Utilities” category.

Performance Comparison Chart

Below is a dividend history chart for PCG.PRE, showing historical dividend payments on PGE Corp’s 5% Redeemable 1st Preferred Series A:

PCG.PRE+Dividend+History+Chart

In Thursday trading, PGE Corp’s 5% Redeemable 1st Preferred Series A (Symbol: PCG.PRE) is currently off about 1.6% on the day, while the common shares (Symbol: PCG) are off about 0.4%.

Click here to find out the 50 highest yielding preferreds ยป


comments powered by Disqus