PG&E Announces Upcoming Cash Dividends for Shareholders
On November 29, 2024, PG&E Corporation (NYSE: PCG) revealed its plan for the fourth-quarter regular cash dividend, which is set at $0.025 per share for its common stock. This dividend reflects the company's commitment to its shareholders and is scheduled to be paid on January 15, 2025, to all shareholders on record as of December 31, 2024.
Preferred Stock Dividend Schedule
In addition to the common stock dividends, PG&E Corporation's utility subsidiary, Pacific Gas and Electric Company, announced the preferred stock dividend for the three months ending January 31, 2025. This dividend is due to be paid on February 14, 2025, with shareholders of record as of January 31, 2025, receiving their dividends promptly.
Details of Preferred Stock Dividends
The dividends for PG&E's preferred stock series include the following:
- First Preferred Stock ($25 Par Value): Quarterly Dividend of $0.31250 at 5.00%
- 5.00% Series A: Quarterly Dividend of $0.31250
- 4.80%: Quarterly Dividend of $0.30000
- 4.50%: Quarterly Dividend of $0.28125
- 4.36%: Quarterly Dividend of $0.27250
- Non-Redeemable 6.00%: Quarterly Dividend of $0.37500
- 5.50%: Quarterly Dividend of $0.34375
About PG&E Corporation
PG&E Corporation (NYSE: PCG) operates as a holding company and serves as the parent entity for Pacific Gas and Electric Company. The company has a significant role in providing energy to approximately 16 million customers across a vast 70,000-square-mile service area in Northern and Central California. PG&E's dedication to delivering reliable service continues to be a priority for the company.
Commitment to Shareholder Value
By declaring consistent dividends, PG&E demonstrates its strong commitment to its shareholders. This initiative reinforces the company's mission to uphold shareholder value while managing its operational costs effectively. As PG&E continues to navigate the evolving energy landscape, the focus remains on operational efficiency and customer satisfaction.
Frequently Asked Questions
What is the dividend amount declared by PG&E Corporation?
The dividend amount declared is $0.025 per share for common stock.
When will the dividends be paid to shareholders?
The dividends for common stock will be paid on January 15, 2025, while preferred stock dividends are scheduled for February 14, 2025.
Who is eligible to receive the dividends?
Shareholders of record as of December 31, 2024, for common stock and January 31, 2025, for preferred stock will receive the respective dividends.
What is the purpose of these dividends?
The dividends are aimed at rewarding shareholders for their investment and reinforcing PG&E's commitment to shareholder value.
Where can I find more information about PG&E Corporation?
Additional information can be found through PG&E's corporate website, which provides insights into their operations and investor relations.
