On Tuesday, shares of PG&E Corp’s 5% Redeemable 1st Preferred Series A (PCG.PRE) yielded above 6.5%, with trading prices dipping as low as $18.85. The dividend, annualized at $1.25, positions the yield at 6.52%, slightly higher than the average yield of 6.52% in the Utilities preferred stock category. Notably, PCG.PRE is trading at a 24.89% discount to its liquidation preference, compared to the sector average discount of 16.70%.
During the same trading session, PCG.PRE shares increased by approximately 1.3%, while PG&E’s common shares (PCG) declined by about 1%.
