PG&E Confirms Q1 Cash Dividend, Balances Share Returns with Utility Funding Priorities

PG&E confirms quarterly cash returns while stressing funding priorities

Main Topic — Dividend declaration underscores cash-return and capital balance

PG&E Corporation is declaring a first-quarter regular cash dividend of $0.05 per common share, payable April 15, 2026 to holders of record as of March 31, 2026, reinforcing its routine approach to returning cash to equity investors. The company’s utility subsidiary, Pacific Gas and Electric Company, is also declaring preferred stock dividends for the three‑month period ending April 30, 2026, with payments to be made May 15, 2026 to holders of record as of April 30, 2026. The move signals continued emphasis on shareholder distributions alongside ongoing utility obligations.

Company filings and the announcement stress that dividend decisions are being made while balancing capital needs for grid operations, maintenance and regulatory obligations. PG&E serves about 16 million Californians across a roughly 70,000‑square‑mile service area in Northern and Central California, and the company frames dividend payments within the context of funding reliability, wildfire mitigation, and infrastructure investment priorities. Executive commentary in the release reiterates a commitment to returning cash to shareholders while maintaining sufficient capital for regulated utility responsibilities.

The declaration affects eight series of preferred stock with stated annual rates ranging from 4.36% to 6.00% and corresponding quarterly per‑share payments between $0.27250 and $0.37500. PG&E identifies at least one series as non‑redeemable and notes a $25 par value for the first preferred series, underlining the varied capital instruments it maintains to balance financing needs and investor preferences.

Preferred-series breakdown and timing

PG&E lists the preferred quarterly per‑share payments as: $0.31250 (5.00%); $0.31250 (5.00% Series A); $0.30000 (4.80%); $0.28125 (4.50%); $0.27250 (4.36%, non‑redeemable); $0.37500 (6.00%); $0.34375 (5.50%); and $0.31250 (5.00%). Record and payment dates are March 31/April 15 for the common dividend and April 30/May 15 for the preferred dividends.

Distribution channel and investor guidance

The announcement is distributed via PR Newswire from Oakland, California and is attributed to PG&E Corporation. The company directs interested parties to its corporate website and regulatory filings for full details, urging review of official documents for comprehensive information on dividend mechanics and any conditions tied to the payments.