PG&E reinstates common stock dividend

PG&E announced the company is declaring a cash dividend on its common stock for the first time since 2017. Reinstating the common dividend reflects Pacific Gas and Electric Company’s substantial progress in becoming a safe and stable utility that can now attract more long-term investors. The reinstatement of the common stock dividend does not impact customer rates or bills. PG&E Corporation declared a regular quarterly cash dividend on its common stock of 1c per share. The dividend is payable on January 15, 2024, to shareholders of record as of December 29, 2023. Moving forward, PG&E Corporation expects to pay a common stock dividend to shareholders every quarter from its net income.