---
title: "PG&E's Series A Preferred Stock Shares Cross 7% Yield Mark"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283187086.md"
description: "In trading on Friday, PG&E Corp's 6.000% Series A Mandatory Convertible Preferred Stock (PCG.PRX) yielded over 7% based on its quarterly dividend of $3.00, with shares trading as low as $42.36. This yield surpasses the average of 6.61% in the Utilities category. PCG.PRX was at a 14.08% discount to its liquidation preference, compared to the average 18.91% discount in Utilities. The preferred shares are convertible with a ratio of 1.9465 - 2.4331. On the day, PCG.PRX was down about 1%, while common shares (PCG) fell about 1.1%."
datetime: "2026-04-17T19:35:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283187086.md)
  - [en](https://longbridge.com/en/news/283187086.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283187086.md)
---

# PG&E's Series A Preferred Stock Shares Cross 7% Yield Mark

In trading on Friday, shares of PG&E Corp's 6.000% Series A Mandatory Convertible Preferred Stock (Symbol: PCG.PRX) were yielding above the 7% mark based on its quarterly dividend (annualized to $3.00), with shares changing hands as low as $42.36 on the day. This compares to an average yield of 6.61% in the "Utilities" preferred stock category, according to Preferred Stock Channel. As of last close, PCG.PRX was trading at a 14.08% discount to its liquidation preference amount, versus the average discount of 18.91% in the "Utilities" category. It should be noted that the preferred shares are _convertible_, with a conversion ratio of 1.9465 - 2.4331.

Below is a dividend history chart for PCG.PRX, showing historical dividend payments on PG&E Corp's 6.000% Series A Mandatory Convertible Preferred Stock:

* * *

**Free Report: Top 8%+ Dividends (paid monthly)**

In Friday trading, PG&E Corp's 6.000% Series A Mandatory Convertible Preferred Stock (Symbol: PCG.PRX) is currently down about 1% on the day, while the common shares (Symbol: PCG) are down about 1.1%.

 Click here to find out the 50 highest yielding preferreds »

##### Also see:

• Cheap Dividend Stocks  
• CIL Historical Stock Prices  
• Stocks Going Ex-Dividend

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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