Common Stock Dividends: On December 20, 2017, the Board of Directors of PG&E Corporation suspended the common dividend. We have not announced a specific timeline for resuming the common dividend. When we emerged from bankruptcy, the terms of our emergence required that we not pay a dividend on our common shares until we recognize $6.2 billion in Non-GAAP Core Earnings. Our focus today remains on improving our operations and our financial strength so that we can confidently reach this milestone.
Preferred Stock Dividends:
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE: PCG), declared the regular preferred stock dividend for the three-month period ending October 31, 2023, to be payable on November 15, 2023, to shareholders of record on October 31, 2023. Pacific Gas and Electric Company will pay a dividend on its eight series of preferred stock as follows:
First Preferred Stock,
$25 Par Value |
Quarterly Dividend to
be Paid Per Share |
First Preferred Stock,
$25 Par Value |
Quarterly Dividend to
be Paid Per Share |
| Non-Redeemable |
|
Redeemable |
|
| 6.00% |
$0.37500 |
5.00% |
$0.31250 |
| 5.50% |
$0.34375 |
5.00% Series A |
$0.31250 |
| 5.00% |
$0.31250 |
4.80% |
$0.30000 |
|
|
4.50% |
$0.28125 |
|
|
4.36% |
$0.27250 |
In order to be considered a shareholder of record for the dividend payment, you must have purchased the stock at least two trading days before the record date.
This update only refers to Pacific Gas and Electric Company preferred shares, not to shares of PG&E Corporation common stock, for which a dividend has not been reinstated.
Dividend Payment Dates: Dividends on our stock are generally paid quarterly in the months shown below:
PG&E Corporation
Common Stock |
Pacific Gas and Electric Company
First Preferred Dividend |
| January 15 |
February 15 |
| April 15 |
May 15 |
| July 15 |
August 15 |
| October 15 |
November 15 |
Record Date: This is the date selected by the Board of Directors, which is used to determine who is eligible to receive a dividend payment. Shareholders who own stock on that date will receive the dividend directly from EQ Shareowner Services (“EQ”). Shareholders who own stock in street name will receive the dividend directly from their brokers.
Ex-Dividend Date: This date is significant only when investors are buying or selling stock. Under a New York Stock Exchange rule, if an investor buys a company’s stock on or after the ex-dividend date, the seller rather than the investor is entitled to the next dividend. The ex-dividend date is set by the New York Stock Exchange (common) or NYSE Amex Equities stock exchange (preferred) and usually is the business day prior to the record date (see above).
This procedure is required because it takes about two business days to settle a contract for the purchase or sale of a security. Therefore, if an investor buys or sells stock later than the business day prior to the record date, the transaction would not be settled until after the record date. Consequently, the purchaser would not be a holder on the record date and would not receive the dividend, which would go to the seller instead.
Dividend Checks: Dividend checks are mailed in time to reach shareholders on the payment dates. However, shareholders should allow for delays in postal handling before notifying EQ that they have not received a check.