PG&E Declares First Quarter 2026 Cash Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy PCG?
Source: PRnewswire
- Cash Dividend Announcement: On February 19, 2026, PG&E Corporation declared a cash dividend of $0.05 per share for the first quarter of 2026, payable on April 15, 2026, to shareholders of record as of March 31, 2026, thereby enhancing investor confidence in the company's stability.
- Preferred Stock Dividend Declaration: PG&E's utility subsidiary announced that it will pay preferred stock dividends on May 15, 2026, to shareholders of record as of April 30, 2026, demonstrating the company's ongoing commitment to preferred stock investors.
- Preferred Stock Series Details: PG&E will pay dividends on eight series of preferred stock, including $0.3125 per share for the 5.00% Series A and $0.3000 per share for the 4.80% Series, ensuring stable returns for shareholders across different series.
- Company Background Information: PG&E Corporation, headquartered in Oakland, California, serves 16 million Californians across a 70,000-square-mile area through its utility subsidiary, highlighting its significant position in the energy market.
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Analyst Views on PCG
Wall Street analysts forecast PCG stock price to rise
11 Analyst Rating
9 Buy
2 Hold
0 Sell
Strong Buy
Current: 17.880
Low
18.00
Averages
21.36
High
25.00
Current: 17.880
Low
18.00
Averages
21.36
High
25.00
About PCG
PG&E Corporation is a holding company. The Company's primary operating subsidiary is Pacific Gas and Electric Company (the Utility), a public utility operating in Northern and Central California. The Utility is engaged in the sale and delivery of electricity and natural gas to customers. The Utility generates electricity and provides electric transmission and distribution services throughout its service area in northern and central California to residential, commercial, industrial, and agricultural customers. The Utility provides electricity, transmission, and distribution services in its service area. The Utility owns approximately 18,000 circuit miles of interconnected transmission lines operating at voltages ranging from 60 kilovolts (kV) to 500 kV. The Utility also operates 33 electric transmission substations with a capacity of approximately 67,000 megavolt amperes (MVA). Customers can also obtain electricity from alternative providers such as municipalities (CCAs).
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Quarterly Dividend Announcement: PG&E has declared a quarterly dividend of $0.05 per share, consistent with previous distributions, indicating the company's ongoing ability to maintain stable cash flows, which is likely to attract income-seeking investors.
- Dividend Yield: The forward yield of 1.1% reflects the company's relative attractiveness in the current market environment, potentially increasing investor interest in PG&E stock as a stable investment option.
- Dividend Payment Schedule: The dividend is payable on April 15, with a record date of March 31 and an ex-dividend date also on March 31, providing investors with a clear timeline that aids in their investment planning.
- Future Growth Target: PG&E has set a core EPS growth target of 10% for 2026 while accelerating rate-reducing load and operational maintenance savings, demonstrating the company's strategic commitment to enhancing profitability and market competitiveness.
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- Cash Dividend Announcement: On February 19, 2026, PG&E Corporation declared a cash dividend of $0.05 per share for the first quarter of 2026, payable on April 15, 2026, to shareholders of record as of March 31, 2026, thereby enhancing investor confidence in the company's stability.
- Preferred Stock Dividend Declaration: PG&E's utility subsidiary announced that it will pay preferred stock dividends on May 15, 2026, to shareholders of record as of April 30, 2026, demonstrating the company's ongoing commitment to preferred stock investors.
- Preferred Stock Series Details: PG&E will pay dividends on eight series of preferred stock, including $0.3125 per share for the 5.00% Series A and $0.3000 per share for the 4.80% Series, ensuring stable returns for shareholders across different series.
- Company Background Information: PG&E Corporation, headquartered in Oakland, California, serves 16 million Californians across a 70,000-square-mile area through its utility subsidiary, highlighting its significant position in the energy market.
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- Performance Comparison: Third Point hedge fund achieved a 3.08% return over the past year, significantly trailing the S&P 500's 12.25% return, indicating relative underperformance amid market fluctuations.
- Portfolio Adjustments: In its latest 13F filing for Q4 2025, Third Point disclosed new stakes in Chipotle Mexican Grill, Alibaba, and Spotify, while increasing its position in Rocket Companies, reflecting a strategic shift towards diversification in its investment approach.
- Portfolio Value Decline: As of December 31, 2025, Third Point's portfolio value stood at approximately $7.27 billion, down from $7.44 billion at the end of 2024, highlighting the impact of market conditions on its asset allocation.
- Major Holdings Overview: PG&E remains Third Point's largest holding, comprising about 8.6% of its portfolio, with NVIDIA and Union Pacific making up 7.6% and 6.7% respectively, demonstrating a continued focus on the energy and technology sectors.
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- Portfolio Restructuring: Billionaire hedge fund manager Daniel Loeb reshuffled his Third Point LLC portfolio in Q4 2025, adding several new consumer and international investments, indicating a pursuit of market diversification.
- Reduced Mega-Cap Exposure: In the latest Form 13F filing, Loeb trimmed stakes in select mega-cap and semiconductor names, reflecting a cautious stance towards these sectors, possibly due to concerns over market volatility.
- New Buy Highlights: Among the new acquisitions, Loeb focused on consumer goods and international markets, likely aiming to capture opportunities arising from global economic recovery and enhance the growth potential of his portfolio.
- Regulatory Transparency: Loeb's portfolio changes are disclosed through the 13F filing as required by the U.S. Securities and Exchange Commission, increasing transparency for the hedge fund and helping investors better understand its investment strategies and market outlook.
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- New Investments: Investor Stanley Druckenmiller's Duquesne Family Office acquired new stakes in U.S. financial companies, Brazilian stocks, and U.S. airlines during the fourth quarter.
- Increased Holdings: The firm also increased its investments in major tech companies, specifically Google and Amazon.
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- Strategic Partnership: PG&E Corporation announced a strategic partnership with SPAN on February 5, 2026, to deploy the SPAN Edge solution, aimed at reducing the complexity and cost of residential electrification, which is expected to significantly enhance customer electrification experiences.
- Market Opportunity: PG&E estimates that over 600,000 homes within its service area may require electrification upgrades over the next decade, highlighting a substantial market opportunity that will drive the company's pivotal role in the electrification process.
- Cost Efficiency: The newly launched PanelBoost program pairs SPAN Edge with next-generation metering infrastructure, with estimated installation costs for customers ranging from $500 to $2,000, showcasing PG&E's focus on capital efficiency and customer affordability compared to traditional upgrades costing $6,000 to $40,000.
- Grid Modernization: PG&E is committed to grid reliability, clean energy integration, and infrastructure modernization to meet the increasing load demands in California due to the electrification of buildings and transportation, ensuring the achievement of long-term electrification goals.
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