Thursday Trading Update: Strong Performance and Key Comparisons
In trading on Thursday, investors noted that shares of PG&E Corp’s 4.36% Redeemable 1st Preferred (Symbol: PCG.PRI) yielded over 6% based on its quarterly dividend, annualized at $1.09. The shares dipped to a low of $17.22 during the day. Comparatively, the average yield in the “Utilities” preferred stock category stood at 6.37%, according to Preferred Stock Channel. At last close, PCG.PRI traded at a 28.23% discount to its liquidation preference, significantly higher than the average 13.85% discount typical in the “Utilities” sector.
A dividend history chart for PCG.PRI illustrates the historical payments made on PG&E Corp’s 4.36% Redeemable 1st Preferred:
Free Report: Top 8%+ Dividends (paid monthly)
On Thursday, PG&E Corp’s 4.36% Redeemable 1st Preferred (Symbol: PCG.PRI) saw an increase of approximately 3.5%, while the common shares (Symbol: PCG) rose by around 1.2%.
Click here to find out the 50 highest yielding preferreds »
Additional Resources:
- Metals Stocks You Can Buy Cheaper Than Insiders Did
- IXP Options Chain
- Entergy Average Annual Return
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
