PG&E's Preferred Shares Cross 7% Yield Mark

In trading on Friday, shares of PG&E Corp's 4.8% Redeemable 1st Preferred (Symbol: PCG.PRG) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.20), with shares changing hands as low as $16.73 on the day. This compares to an average yield of 6.83% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, PCG.PRG was trading at a 33.01% discount to its liquidation preference amount, versus the average discount of 20.51% in the "Utilities" category.

Below is a dividend history chart for PCG.PRG, showing historical dividend payments on PG&E Corp's 4.8% Redeemable 1st Preferred:

In Friday trading, PG&E Corp's 4.8% Redeemable 1st Preferred (Symbol: PCG.PRG) is currently off about 3% on the day, while the common shares (Symbol: PCG) are up about 3%.

Click here to find out the 50 highest yielding preferreds »

Also see: • Funds Holding SCON
• BEN Average Annual Return
• EPC Next Dividend Date


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