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

Pacific Gas & Electric Co. (NYSE:PCG) announced a quarterly dividend on Friday, February 20th. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.05 per share by the utilities provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, March 31st.

Pacific Gas & Electric has a dividend payout ratio of 12.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Pacific Gas & Electric to earn $1.63 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 12.3%.

Pacific Gas & Electric Stock Performance

Shares of Pacific Gas & Electric stock traded up $0.24 on Friday, hitting $18.34. The stock had a trading volume of 17,148,058 shares, compared to its average volume of 22,753,326. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 1.84. The business’s 50 day moving average is $16.06 and its two-hundred day moving average is $15.77. Pacific Gas & Electric has a twelve month low of $12.97 and a twelve month high of $18.39. The stock has a market cap of $40.32 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 0.69 and a beta of 0.36.

Pacific Gas & Electric (NYSE:PCG) last issued its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $7.05 billion. Pacific Gas & Electric had a net margin of 10.84% and a return on equity of 11.28%. During the same quarter in the previous year, the company earned $0.31 EPS. Analysts forecast that Pacific Gas & Electric will post 1.49 EPS for the current 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.