Pacific Gas & Electric Co. (NYSE:PCG) Plans $0.05 Quarterly Dividend

Pacific Gas & Electric Co. (NYSE:PCG) declared a quarterly dividend on Friday, September 18th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.05 per share by the utilities provider on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

Pacific Gas & Electric has a payout ratio of 12.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Pacific Gas & Electric stock traded down $0.20 during trading hours on Friday, hitting $13.18. 37,249,784 shares of the stock were exchanged, compared to its average volume of 25,351,896. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.15 and a current ratio of 1.22. The stock has a market capitalization of $35.33 billion, a P/E ratio of 9.55, a P/E/G ratio of 1.07 and a beta of 0.24. Pacific Gas & Electric has a 12 month low of $12.59 and a 12 month high of $19.16. The business’s 50-day moving average is $16.52 and its two-hundred day moving average is $16.92.

Pacific Gas & Electric (NYSE:PCG) last posted its quarterly earnings data on Thursday, July 23rd. The utilities provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Pacific Gas & Electric had a net margin of 12.25% and a return on equity of 12.48%. The company had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.20 billion. During the same quarter last year, the business posted $0.31 earnings per share. The company’s revenue was up .1% on a year-over-year basis. Pacific Gas & Electric has set its FY 2026 guidance at 1.640-1.660 EPS. Equities research analysts expect that Pacific Gas & Electric will post 1.65 EPS for the current fiscal year.

About Pacific Gas & Electric

Pacific Gas & Electric Corporation (NYSE: PCG) is an energy holding company whose principal subsidiary, Pacific Gas and Electric Company, provides regulated electricity and natural gas services. The utility delivers electricity through its transmission and distribution networks and supplies natural gas to residential, commercial, industrial and agricultural customers.

Pacific Gas and Electric Company serves a large portion of Northern and Central California, including the San Francisco Bay Area and the Central Valley.