Pacific Gas & Electric Co. Announces Quarterly Dividend of $0.05 (NYSE:PCG)
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Pacific Gas & Electric Co. (NYSE:PCG) has declared a quarterly dividend of $0.05 per share, payable on April 15th to stockholders of record as of March 31st. This results in an annualized dividend yield of 1.1%. The company has a dividend payout ratio of 12.3%, indicating earnings sufficiently cover the dividend. PG&E's stock recently traded at $18.34, with a market cap of $40.32 billion and a price-to-earnings ratio of 15.55. Analysts expect the company to earn $1.63 per share next year, supporting its dividend payments.
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