PG&E Corp's 5% Redeemable 1st Preferred Series A Yield Pushes Past 7%
ETF Channel Staff - Friday, April 26, 2:04 PMIn trading on Friday, shares of PG&E Corp's 5% Redeemable 1st Preferred Series A (PCG.PRE) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $17.82 on the day. This compares to an average yield of 6.66% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, PCG.PRE was trading at a 29.13% discount to its liquidation preference amount, versus the average discount of 19.39% in the "Utilities" category.
The chart below shows the one year performance of PCG.PRE shares, versus PCG:
Below is a dividend history chart for PCG.PRE, showing historical dividend payments on PG&E Corp's 5% Redeemable 1st Preferred Series A:
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In Friday trading, PG&E Corp's 5% Redeemable 1st Preferred Series A (PCG.PRE) is currently down about 0.8% on the day, while the common shares (PCG) are up about 0.4%.