On February 8, 2022, Pacific Gas and Electric Company
declared payment of all cumulative and unpaid dividends on the Utility’s
preferred stock as of January 31, 2022, totaling $59.1 million, payable on May
13, 2022 to holders of record on April 29, 2022. Pacific Gas and Electric
Company also declared a dividend on the Utility’s preferred stock totaling
$3.5 million that will be accrued during the three-month period ending April
30, 2022 payable on May 15, 2022 to holders of record on April 29, 2022. The
Utility will pay dividends on its eight series of preferred stock as follows:
First Preferred Stock, $25 Par Value
|
Quarterly Dividend to be Paid Per Share
|
Redeemable
|
|
5.00% |
$0.31250 |
5.00% Series A |
$0.31250 |
4.80% |
$0.30000 |
4.50% |
$0.28125 |
4.36% |
$0.27250 |
Non-Redeemable
|
|
6.00% |
$0.37500 |
5.50% |
$0.34375 |
5.00% |
$0.31250 |
To be eligible for the preferred dividend payment, a shareholder must have purchased the stock at least one trading day before the applicable record date.