PG&E Declares Quarterly Dividend of $0.05 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 20 2026
0mins
Source: seekingalpha
- 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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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: 16.440
Low
18.00
Averages
21.36
High
25.00
Current: 16.440
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, demonstrating the company's ongoing ability to maintain stable cash flow despite external challenges.
- Dividend Yield: The forward yield of 1.22% reflects the company's attractiveness in the current market environment, potentially appealing to investors seeking stable income amidst volatility.
- Shareholder Record Date: The dividend will be payable on July 15, with a record date of June 30 and an ex-dividend date also on June 30, ensuring shareholders receive their returns promptly, which may enhance investor confidence.
- Market Environment Impact: Despite facing political upheaval in California and risks associated with safety power shutoffs, the continued dividend payments indicate PG&E's commitment to shareholder returns, which could help stabilize its stock price amid uncertainty.
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- Cash Dividend Announcement: On May 21, 2026, PG&E Corporation declared a second quarter cash dividend of $0.05 per share, payable on July 15, 2026, to shareholders of record as of June 30, 2026, indicating the company's ongoing cash flow strength and commitment to shareholder returns.
- Preferred Stock Dividend Declaration: PG&E's utility subsidiary announced a preferred stock dividend payable on August 15, 2026, to shareholders of record as of July 31, 2026, further enhancing investor confidence in the company's stable income generation.
- Preferred Stock Series Details: PG&E will pay dividends on its eight series of preferred stock, including $0.3125 per share for the 5.00% Series A, demonstrating the company's flexibility in diversified financing structures and attractiveness to investors.
- Company Background Information: Headquartered in Oakland, California, PG&E Corporation serves 16 million Californians across a 70,000-square-mile area through its utility subsidiary, showcasing its significant position and influence in the energy market.
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- Cash Dividend Announcement: On May 21, 2026, PG&E Corporation declared a regular cash dividend of $0.05 per share for Q2 2026, payable on July 15, 2026, which is expected to provide shareholders with stable cash returns and enhance investor confidence.
- Preferred Stock Dividend Declaration: PG&E's utility subsidiary announced a preferred stock dividend to be paid on August 15, 2026, for the three-month period ending July 31, 2026, demonstrating the company's ongoing commitment to preferred shareholders and helping to maintain the stability of its capital structure.
- Preferred Stock Series Details: PG&E will pay dividends on its eight series of preferred stock, including $0.3125 per share for the 5.00% Series A and $0.3750 per share for the 6.00% series, which will further attract investor interest in the value of the company's preferred stock investments.
- Company Background Information: PG&E Corporation, headquartered in Oakland, California, serves 16 million Californians across a 70,000-square-mile service area, highlighting its significant role in the California energy market.
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- Power Shutdown: PG&E has shut off power to nearly 57,500 customers in California due to dry, gusty winds, resulting in 779 outages aimed at reducing wildfire risks, demonstrating the company's response strategy under extreme weather conditions.
- Customer Impact: As of 9:22 p.m. local time on Sunday, the outages have significantly affected a large number of customers, reflecting the challenges PG&E faces in balancing public safety with customer service, which could negatively impact customer satisfaction.
- Future Warnings: PG&E forecasts potential additional outages on Monday, although no planned outages are expected on Tuesday, indicating the company's ongoing vigilance in addressing uncertainties posed by climate change.
- Policy Context: The political backlash against utility profits from the California government intensifies, potentially impacting PG&E's operating environment and future financial performance, thereby increasing regulatory risks faced by the company.
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- Frequent Power Outages: In the first five months of 2026, PG&E reported over 100 power outages caused by metallic balloons contacting power lines, affecting more than 46,000 customers, highlighting the serious public safety threat posed by balloons.
- Increased Wildfire Risk: Just two weeks ago, a rogue metallic balloon in Georgia sparked a wildfire that burned thousands of acres and destroyed homes, underscoring the potential dangers of balloons during wildfire season, which PG&E is closely monitoring.
- Safety Reminder Measures: PG&E urges customers to secure metallic balloons with weights during celebrations to prevent them from floating away and contacting power lines, thereby avoiding unnecessary outages and safety hazards.
- Public Safety Advocacy: PG&E Vice President Ron Richardson emphasized that graduation season should focus on celebrating student achievements rather than dealing with avoidable outages, calling on the public to follow balloon safety tips to ensure safe celebrations.
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- Frequent Outages: In the first five months of 2026, PG&E reported over 100 power outages caused by metallic balloons contacting power lines, affecting more than 46,000 customers, highlighting the serious public safety threat posed by balloons.
- Increased Fire Risk: Just two weeks ago, a rogue metallic balloon in Georgia sparked a wildfire that burned thousands of acres and destroyed homes, underscoring the potential dangers of balloons during wildfire season, particularly in California's dry climate.
- Safety Reminder Issued: PG&E Vice President Ron Richardson emphasized that graduation season should focus on celebration rather than dealing with avoidable outages, urging the public to secure balloons with weights during outdoor festivities to prevent them from drifting into power lines.
- Balloon Safety Awareness: PG&E cautions that metallic balloons, due to their conductive properties, can short transformers and cause widespread outages if they come into contact with electrical equipment, thus reminding customers to follow balloon safety tips to ensure safe celebrations.
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