shareholders

Dividend Payments

On December 20, 2017, the Board of Directors of PG&E Corporation determined to suspend the quarterly cash dividend on the Corporation’s common stock, beginning with the fourth quarter of 2017, citing uncertainty related to causes and potential liabilities associated with the extraordinary October 2017 Northern California wildfires.

In addition, the Board of Directors of the Corporation’s utility subsidiary, Pacific Gas and Electric Company, determined to suspend the dividend on the utility’s preferred stock, beginning with the three-month period ending Jan. 31, 2018, citing the same uncertainty.

No causes have yet been identified for any of the unprecedented wildfires, which continue to be the subject of ongoing investigations.

However, California is one of the only states in the country in which courts have applied inverse condemnation to events caused by utility equipment. This means that if a utility’s equipment is found to have been a substantial cause of the damage in an event such as a wildfire – even if the utility has followed established inspection and safety rules – the utility may still be liable for property damages and attorneys’ fees associated with that event.

“After extensive consideration and in light of the uncertainty associated with the causes and potential liabilities associated with these wildfires as well as state policy uncertainties, the PG&E boards determined that suspending the common and preferred stock dividends is prudent with respect to cash conservation and is in the best long-term interests of the companies, our customers and our shareholders,” said PG&E Corporation Chair of the Board Richard C. Kelly.

“We fully recognize the importance of dividends and intend to revisit the issue as we get more clarity. In the meantime, PG&E is committed to working with state policymakers to address the negative investment environment that strict liability under inverse condemnation is creating for California’s utilities. This ultimately hurts our customers and the state. The company also remains committed to supporting recovery and rebuilding efforts by those communities that were impacted by these devastating fires,” he said.

Dividend and Stock Split History

PAYMENT DATE

Year

January

April

July

October

 2018  -      
Dividends were suspended on December 20, 2017.

2017

$.490

$.490

$.530 $.530

2016

$.455

$.455

$.490

$.490

2015

$.455

$.455

$.455

$.455

2014

$.455

$.455

$.455

$.455

2013

$.455

$.455

$.455

$.455

2012

$.455

$.455

$.455

$.455

2011

$.455

$.455

$.455

$.455

2010

$.420

$.455

$.455

$.455

2009

$.390

$.420

$.420

$.420

2008

$.360

$.390

$.390

$.390

2007

$.330

$.360

$.360

$.360

2006

$.330

$.330

$.330

$.330

2005

-

$.300

$.300

$.300

2004

-

-

-

-

2003

-

-

-

-

2002

-

-

-

-

2001

$.300 *

-

-

-

  * This payment was for the fourth quarter 2000 dividends, which was paid in March 2001.

  Dividends were suspended on January 1, 2001.

2000

$.300

$.300

$.300

$.300

1999

$.300

$.300

$.300

$.300

1998

$.300

$.300

$.300

$.300

  PG&E Corporation was formed as a holding company on January 1, 1997.

1997

$.300

$.300

$.300

$.300

1996

$.490

$.490

$.490

$.490

1995

$.490

$.490

$.490

$.490

1994

$.470

$.490

$.490

$.490

1993

$.440

$.470

$.470

$.470

1992

$.410

$.440

$.440

$.440

1991

$.380

$.410

$.410

$.410

1990

$.350

$.380

$.380

$.380

1989

$.350

$.350

$.350

$.350

1988

$.480

$.480

$.480

$.350

1987

$.480

$.480

$.480

$.480

1986

$.460

$.460

$.480

$.480

1985

$.430

$.430

$.460

$.460

1984

$.400

$.400

$.430

$.430

  A 2-for-1 stock split was announced on June 15, 1983; the pidend was paid on July 15, 1983.

1983

$.750

$.750

$.400

$.400

1982

$.680

$.680

$.750

$.750

1981

$.650

$.680

$.680

$.680

1980

$.610

$.650

$.650

$.650

1979

$.540

$.580

$.580

$.610

1978

$.500

$.540

$.540

$.540

1977

$.470

$.500

$.500

$.500

1976

$.470

$.470

$.470

$.470

1975

$.470

$.470

$.470

$.470

1974

$.445

$.470

$.470

$.470

1973

$.410

$.445

$.445

$.445

1972

$.410

$.410

$.410

$.410

1971

$.375

$.410

$.410

$.410

1970

$.375

$.375

$.375

$.375

1969

$.375

$.375

$.375

$.375

1968

$.350

$.350

$.350

$.375

1967

$.325

$.350

$.350

$.350

1966

$.300

$.325

$.325

$.325

1965

$.275

$.300

$.300

$.300

1964

$.250

$.275

$.275

$.275

1963

$.250

$.250

$.250

$.250

1962

$.700

$.250

$.250

$.250

  A 3-for-1 stock split was announced on December 29, 1961; the pidend was paid on April 16, 1962.

1961

$.650

$.700

$.700

$.700

1960

$.650

$.650

$.650

$.650

1959

$.650

$.650

$.650

$.650

1958

$.600

$.600

$.600

$.600

1957

$.600

$.600

$.600

$.600

1956

$.550

$.550

$.550

$.550

1955

$.550

$.550

$.550

$.550

1954

$.550

$.550

$.550

$.550

1953

$.500

$.500

$.500

$.550

1952

$.500

$.500

$.500

$.500

1951

$.500

$.500

$.500

$.500

1950

$.500

$.500

$.500

$.500

1949

$.500

$.500

$.500

$.500

1948

$.500

$.500

$.500

$.500

1947

$.500

$.500

$.500

$.500

1946

$.500

$.500

$.500

$.500

1945

$.500

$.500

$.500

$.500

1944

$.500

$.500

$.500

$.500

1943

$.500

$.500

$.500

$.500

1942

$.500

$.500

$.500

$.500

1941

$.500

$.500

$.500

$.500

1940

$.500

$.500

$.500

$.500

1939

$.500

$.500

$.500

$.500

1938

$.500

$.500

$.500

$.500

1937

$.500

$.500

$.500

$.500

1936

$.375

$.375

$.375

$.375

1935

$.375

$.375

$.375

$.375

1934

$.375

$.375

$.375

$.375

1933

$.500

$.500

$.375

$.375

1932

$.500

$.500

$.500

$.500

1931

$.500

$.500

$.500

$.500

1930

$.500

$.500

$.500

$.500

1929

$.500

$.500

$.500

$.500

1928

$.500

$.500

$.500

$.500

  A 4-for-1 stock split was announced on January 3, 1927; the pidend was paid on January 15, 1927.

1927

$.500

$.500

$.500

$.500

1926

$1.500

$1.500

$1.500

$1.500

1925

$1.500

$1.500

$1.500

$1.500

1924

$1.500

$1.500

$1.500

$1.500

1923

$1.500

$1.500

$1.500

$1.500

1922

$1.250

$1.250

$1.250

$1.250

1921

$1.250

$1.250

$1.250

$1.250

1920

$1.250

$1.250

$1.250

$1.250

1919

$1.250

$1.250

$1.250

$1.250

1918

$1.250

$1.250

$1.250

$1.250

1917

$1.250

$1.250

$1.250

$1.250

1916

-

$1.250

$1.250

$1.250

1915

-

-

-

-

1914

-

-

-

-

1913

$1.250

$1.250

-

-

1912

-

$1.250

 

 

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Shareholder Information

Wells Fargo Shareowner Services
Transfer Agent
1-888-489-4689

PG&E Shareholder Services
1-415-973-8200
CorporateSecretary@pge.com

Investor Relations Contact Info

415-972-7080
invrel@pge-corp.com

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