PG&E's Preferred Yield Exceeds 6.5% Amid Trading

PG&E Corp's 4.8% Redeemable 1st Preferred shares are yielding above 6.5% based on their quarterly dividend. The shares are trading at a 27.50% discount to their liquidation preference, compared to the average discount of 19.12% in the "Utilities" category. The preferred shares are currently up 2.9% on the day, while the common shares are down 2.3%.