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PG&E Corporation (PCG) logo

PG&E Corporation

S&P 500
PCG|Utilities|Utilities - Regulated Electric|$16.07|P/E 12.6|MCap 35.4B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

53/ 100Caution

PCG's dividend shows some areas that warrant monitoring. Strengths include a 11.6% earnings payout ratio & 8.9% fcf payout ratio. Areas of concern: 1.8x interest coverage & Volatile profit margin stability. As a utility, higher payout ratios and leverage are typical for this regulated sector.

Based on 15 of 15 metrics

Strengths

  • Earnings Payout Ratio: 11.6%Low earnings payout ratio leaves room to grow the dividend.
  • FCF Payout Ratio: 8.9%Free cash flow comfortably covers the dividend.
  • CFO Payout Ratio: 3.8%Operating cash flow strongly supports the payout.

Risks

  • Dividend Cut: YesDividend was cut or suspended in recent history.
  • Interest Coverage: 1.8xInterest coverage is thin relative to debt servicing.
  • Profit Margin Stability: VolatileProfit margins have been volatile.

Payout & Coverage

Safe
Earnings Payout Ratio
11.6%Very Safe
FCF Payout Ratio
8.9%Very Safe
CFO Payout Ratio
3.8%Very Safe
Interest Coverage
1.8xWarning

Balance Sheet

Caution
Net Debt / Total Assets
42.8%Caution
Current Ratio
1.2xCaution
Debt-to-Equity
187.9Safe

Profitability

Caution
Return on Equity
8.8%Caution
Operating Margin
23.9%Safe
Gross Margin
39.8%Safe
Profit Margin Stability
VolatileWarning

Dividend Track Record

Warning
Dividend Streak
3 yrsWarning
Dividend Cut
YesDanger
5-Year Dividend CAGR
0.0%Warning
Earnings Stability
VolatileWarning

About PG&E Corporation

PG&E Corporation is a holding company whose primary subsidiary, Pacific Gas and Electric Company, operates as a regulated utility in Central and Northern California. It serves approximately 5.3 million electricity customers and 4.6 million natural gas customers across 47 of the state's 58 counties, providing natural gas delivery, electricity transmission and distribution, hydroelectric power collection, and clean nuclear energy generation. The company focuses on customer capital investments, operating expense efficiencies, wildfire mitigation efforts, and maintaining service reliability amid regulatory oversight. PG&E Corporation supports residential, commercial, and industrial sectors through its integrated electric and gas operations, emphasizing safety, affordability, and infrastructure enhancements like data center projects. Headquartered in Oakland, California, PG&E Corporation plays a vital role in California's energy landscape as one of the largest combined natural gas and electric utilities in the United States.

Dividend Overview

Dividend Yield

0.31%

Annual Dividend

$0.05

Frequency

Annual

Payout Ratio

11.63%

FCF Payout Ratio

8.86%

Stock Price

$16.07

52-Week Range

$12.97 $19.16

Dividend History (2016–2025)

PCG annual dividend per share and yield history

Earnings & Profitability

PCG earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

March 31, 2026

Last Payment Date

April 15, 2026

Dividend Growth

3-Year Dividend CAGR

0.00%

5-Year Dividend CAGR

0.00%

10-Year Dividend CAGR

-23.50%

3-Year Total Growth

0.00%

5-Year Total Growth

0.00%

10-Year Total Growth

-93.13%

Income Calculator

PCG Dividend Calculator

Total Investment

$1,607.00

Annual Income

$5.00

Quarterly Income

$1.25

Monthly Income

$0.42

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Frequently Asked Questions

What is PCG's current dividend yield?
PG&E Corporation (PCG) currently has a dividend yield of 0.31%, based on a stock price of $16.07 and an annual dividend of $0.05.
When is PCG's next dividend payment date?
PCG's next ex-dividend date is 2026-03-31 and the next payment date is 2026-04-15. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does PCG pay in dividends per year?
PG&E Corporation paid $0.13 per share in annual dividends in 2025. The dividends are paid annual.
Has PCG been increasing its dividend?
PG&E Corporation has grown its dividend at a 5-year CAGR of 0.00% and a 10-year CAGR of -23.50%.
Is PCG's dividend safe?
PG&E Corporation has a payout ratio of 11.63%. Its free cash flow payout ratio is 8.86%. A payout ratio below 60% is generally considered sustainable.
How is PCG's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates PG&E Corporation's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for utilities companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.