Pacific Gas & Electric Co. (PCG) to Issue Quarterly Dividend of $0.05 on April 15th

Pacific Gas & Electric Co. (NYSE:PCG) declared a quarterly dividend on Thursday, February 19th. Investors of record on Tuesday, March 31st will be given a dividend of 0.05 per share by the utilities provider on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 1.2%. 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. 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

PCG opened at $17.17 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.92 and a current ratio of 0.97. The stock has a market capitalization of $37.73 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 0.66 and a beta of 0.33. The company has a fifty day moving average of $17.24 and a 200 day moving average of $16.31. Pacific Gas & Electric has a fifty-two week low of $12.97 and a fifty-two week high of $19.16.

Pacific Gas & Electric (NYSE:PCG) last announced its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $6.80 billion for 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. As a group, sell-side analysts forecast that Pacific Gas & Electric will post 1.49 earnings per share for the current fiscal year.

Pacific Gas & Electric Company Profile

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.