PCG — Payment of Preferred Stock Dividend
Sep 1, 2025, 8:00:00 AM UTC
Summary
PG&E Corporation has scheduled a dividend payment on its 6.000% Series A Mandatory Convertible Preferred Stock on September 1, 2025. This payment follows the terms of the preferred stock offering, which allows dividends to be declared at an annual rate of 6.000% on a liquidation preference of $50.00 per share. The preferred stock is cumulative, and accumulated dividends will be payable when declared by the company's board of directors. This dividend payment is crucial for investors, reflecting the company’s commitment to return value to shareholders and maintain investor confidence amid operational challenges.
Company
PG&E CORP (PCG)NYSE — Utilities: Transportation Communications Electric Gas And Sanitary Service, Utilities - Regulated Electric: Electric & Other Services Combined
www.pgecorp.comSimilar Events
Payment of Preferred Stock Dividend
PG&E Corporation has announced the payment of dividends on its 6.000% Series A Mandatory Convertible Preferred Stock, which will be payable on declared dates, with the next payment scheduled for December 1, 2025. Each share of this preferred stock has a liquidation preference of $50.00 and will automatically convert into common stock around December 1, 2027. The preferred stock dividends are cumulative and will be paid quarterly at a rate of 6.000% if declared by the board. This dividend strategy may impact PG&E’s cash flow management as it balances the payment of dividends against its obligations to common stockholders. The company has entered into an underwriting agreement to issue a total of 28 million shares of preferred stock to investors.
Dividend Payment DatePayment of Preferred Stock Dividend
PG&E Corporation will pay dividends on its 6.000% Series A Mandatory Convertible Preferred Stock on June 1, 2025, as part of its scheduled dividend payment dates. The preferred stock, which has an initial liquidation preference of $50 per share, is cumulative and dividends are payable when declared by the company’s board of directors. This dividend payment follows the offering and sale of 28 million shares of the preferred stock, which were sold in December 2024. Each share of preferred stock automatically converts into common stock around December 1, 2027, at a conversion rate subject to adjustments based on share price performance.
Dividend Payment DatePayment of Preferred Stock Dividends
Mobile Infrastructure Corporation announced the payment of preferred stock dividends, with the board declaring the monthly dividends on Series A Preferred Stock and Series 1 Preferred Stock. The dividends will be paid at a rate of $4.791 per share and $4.583 per share, respectively, on June 12, 2025, to holders of record as of May 28 and May 24, 2025. The company's board retains discretion over future dividends based on financial condition and applicable law, which indicates ongoing assessments of financial health.
Dividend PaymentPayment of Preferred Stock Dividends
Federal Agricultural Mortgage Corporation announced the payment of quarterly dividends on its preferred stocks. Holders of Series D, E, F, and G Preferred Stocks will receive dividends of $0.35625, $0.359375, $0.328125, and $0.3046875 per share, respectively, for the period from April 17 to July 17, 2025. The dividends will be payable on July 17, 2025, to shareholders on record as of July 1, 2025. Each preferred stock has a par value and liquidation preference of $25.00 per share, reflecting a stable income for investors in a low-interest-rate environment. The Board had previously declared common stock dividends at $1.50 per share, indicating a commitment to shareholder returns.
Dividend Payment