PG&E's Preferred Series A Yield Pushes Past 7.5%

By Preferred Stock Channel Staff, Monday, May 22, 2:10 PM ET

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In trading on Monday, shares of PG&E Corp's 5% Redeemable 1st Preferred Series A (AMEX:PCG.PRE) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $16.50 on the day. This compares to an average yield of 9.23% in the "Electric Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, PCG.PRE was trading at a 33.51% discount to its liquidation preference amount, versus the average discount of 34.79% in the "Electric Utilities" category.

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

Performance Comparison Chart

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

Free Report: Top 8%+ Dividends (paid monthly)

In Monday trading, PG&E Corp's 5% Redeemable 1st Preferred Series A (AMEX:PCG.PRE) is currently down about 3.1% on the day, while the common shares (NYSE:PCG) are trading flat.

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PG&E's Preferred Series A Yield Pushes Past 7.5%

PG&E's Preferred Series A Yield Pushes Past 7.5% | www.PreferredStockChannel.com