On 4/28/14, PG&E Corp.'s 6% 1st Preferred Non-Redeemable (PCG.PRA) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 5/15/14. As a percentage of PCG.PRA's recent share price of $28.29, this dividend works out to approximately 1.33%, so look for shares of PCG.PRA to trade 1.33% lower — all else being equal — when PCG.PRA shares open for trading on 4/28/14. On an annualized basis, the current yield is approximately 5.31%, which compares to an average yield of 4.98% in the "Utilities" preferred stock category, according to Preferred Stock Channel.
PG&E Corp.'s 6% 1st Preferred Non-Redeemable Goes Ex-Dividend Soon
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