PG&E Sets Common and Preferred Dividends
Utility operator PG&Eannounced yesterday its second-quarter dividend of $0.455 per share, the same rate it's paid since 2010.
The board of directors said the quarterly dividend is payable on July 15 to the holders of record at the close of business on July 1. The utility operator has made quarterly payouts to investors since since 1916, except for a three-year period between 2001 and 2004.
The board also announced it will pay dividends on its eight series of preferred stock as follows:
|5.00% Series A||$0.31250|
The dividends on the preferred shares are payable on Aug. 15 to holders of record on July 31.
The regular dividend payment equates to a $1.82-per-share annual dividend, yielding 4.1% based on the closing price of PG&E's stock on June 19.
The article PG&E Sets Common and Preferred Dividends originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.