Pacific Gas & Electric Co. (PCG) to Issue Quarterly Dividend of $0.05 on July 15th

Pacific Gas & Electric Co. (NYSE:PCG) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.05 per share by the utilities provider on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, June 30th.

Pacific Gas & Electric has a dividend payout ratio of 12.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Pacific Gas & Electric to earn $1.81 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 11.0%.

Pacific Gas & Electric Stock Up 0.5%

Shares of NYSE PCG opened at $16.52 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $44.26 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 0.63 and a beta of 0.29. The stock’s fifty day simple moving average is $17.18 and its two-hundred day simple moving average is $16.64. Pacific Gas & Electric has a 12-month low of $12.97 and a 12-month high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last announced its earnings results on Thursday, April 23rd. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. The business had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.20 billion. Pacific Gas & Electric had a return on equity of 11.95% and a net margin of 11.44%.The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.33 EPS. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. As a group, analysts expect that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

About Pacific Gas & Electric

Pacific Gas & Electric (NYSE: PCG) is an investor-owned utility holding company whose principal operating subsidiary, Pacific Gas and Electric Company, provides electricity and natural gas service in northern and central California. The company’s core activities include the generation, procurement, transmission and distribution of electric power, as well as the transmission and distribution of natural gas. PG&E serves a broad mix of residential, commercial, and industrial customers across urban and rural communities within its California service territory.

PG&E’s operations encompass utility infrastructure planning and construction, grid operations, customer service and energy procurement.