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: The Utility preferred stock dividend resumed in May 2022.
Dividend Payment Dates: Dividends on our stock are paid quarterly in the months shown below:
PG&E Corporation
Common Stock |
Pacific Gas and Electric Company
First Preferred Stock |
| 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 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.