Ex-Div Reminder for PG&E Corp.'s 1st Preferred Non-Redeemable

On 10/29/14, PG&E Corp.'s 6% 1st Preferred Non-Redeemable (AMEX: PCG.PRA) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 11/15/14. As a percentage of PCG.PRA's recent share price of $27.83, this dividend works out to approximately 1.35%, so look for shares of PCG.PRA to trade 1.35% lower — all else being equal — when PCG.PRA shares open for trading on 10/29/14. On an annualized basis, the current yield is approximately 5.36%, which compares to an average yield of 4.79% in the "Utilities" preferred stock category, according to Preferred Stock Channel.

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As of last close, PCG.PRA was trading at a 8.74% premium to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of PCG.PRA shares, versus PCG:

Below is a dividend history chart for PCG.PRA, showing historical dividends prior to the most recent $0.375 on PG&E Corp.'s 6% 1st Preferred Non-Redeemable:

According to the ETF Finder at ETFChannel.com, PG&E Corp. (NYSE: PCG) makes up 3.99% of the Utilities Select Sector SPDR Fund ETF (XLU) which is trading relatively unchanged on the day Monday.

In Monday trading, PG&E Corp.'s 6% 1st Preferred Non-Redeemable (AMEX: PCG.PRA) is currently down about 0.6% on the day, while the common shares (NYSE: PCG) are trading flat.