PG&E's Preferred Shares Cross 6.5% Yield Mark

PG&E Corp's 5% Redeemable 1st Preferred (PCG.PRD) was trading to a yield above 6.5% based on its $1.25 annualized dividend, with shares as low as $19.15 intraday. The piece is largely a factual yield update with no new company-specific catalyst, making the tone neutral and market impact limited.

Analysis

PG&E Corp's 5% Redeemable 1st Preferred (PCG.PRD) was trading to a yield above 6.5% based on its $1.25 annualized dividend, with shares as low as $19.15 intraday. The piece is largely a factual yield update with no new company-specific catalyst, making the tone neutral and market impact limited.