PCG.PRE to Trade Ex-Dividend on October 31, 2024

PG&E Corp's 5% Redeemable 1st Preferred Series A will trade ex-dividend on 10/31/24. Investors should expect a price drop correlating with the new dividend yield. This signals opportunities and risks for shareholders in the utilities sector.

Date: 29-10-2024

AI Rating: 6

The report discusses the upcoming ex-dividend date for PG&E Corp's 5% Redeemable 1st Preferred Series A (PCG.PRE). The quarterly dividend of $0.3125 is to be paid out, which represents a yield of approximately 1.52% based on the current share price of $20.50. Investors may notice a corresponding drop in share price when trading starts on 10/31/24 due to this ex-dividend notification.

Furthermore, the annualized yield for PCG.PRE is reported to be around 6.10%. This yield is slightly below the average yield for the utilities sector, which stands at 6.17%. This comparison indicates that while the yield is attractive, it does not significantly exceed the average yield within the industry, potentially influencing investor decisions.

As the report states, PCG.PRE shares have been trading flat on the day of reporting, suggesting that there are currently no major fluctuations in value, reflecting stability in the market. However, potential investors should consider the implications of the dividend announcement as well as overall market conditions that could affect future trading.

Stocks: PCG