News Analyst
In Thursday trading, shares of PG&E Corp 4.36% Redeemable 1st Preferred (ticker: PCG.PRI) were trading above the 6% mark based on its quarterly dividend (annualized at $1.09) , with shares changing hands at a low of $17.22 that day. . This compares to an average yield of 6.37% in the “Utilities” preferred stock class, according to Preferred Stock Channel. At last close, PCG.PRI was trading at a 28.23% discount to its liquidation preference amount, compared to an average discount of 13.85% in the Utilities category.
Below is a dividend history chart for PCG.PRI, showing the history of dividend payments on PG&E Corp’s 4.36% Redeemable 1st Preferred:
Free report: Top 8% + dividends (paid monthly)
In Thursday trading, PG&E Corp’s 4.36% redeemable senior preferred stock (ticker: PCG.PRI) is currently up about 3.5% on the day, while common stock (ticker : PCG) are up about 1.2%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/pges-preferred-shares-yield-pushes-past-6
