Dividend Update on PG&E: Key Insights Before the Ex-Dividend Date of Sep 30, 2025

PG&E Corporation (PCG) has announced its upcoming cash dividend of $0.0250 per share, with the ex-dividend date set for Sep 30, 2025. Investors have until that date to purchase shares in order to be eligible for the payout, which will be distributed on Oct 15, 2025. The dividend was officially announced on Sep 19, 2025, and follows a similar payout of $0.0250 per share on Jul 15, 2025. Over the past 10 dividend periods, the average per-share payout has been $0.430, making the recent and upcoming dividend significantly lower in comparison. This suggests a continuation of a reduced payout strategy for the company.

Over the past week, PG&E has seen several key developments that may influence investor sentiment and market performance. Recently, PG&E Corporation was upgraded by a major ratings agency to investment grade, following an improvement in its financial metrics, including leverage from funds from operations, which dropped to 4.6x in 2024 from 6.9x in 2023. Analysts indicated that this upgrade reflects improved stability and risk management, particularly concerning wildfire liabilities, offering a more favorable long-term outlook for the utility.

As of late, PG&E’s stock has been trading higher, with shares rising by 3.53% amid positive investor sentiment and favorable market movements. This upswing follows an upgrade by Morgan Stanley, which revised its stance on PCG from "Underweight" to "Equal Weight" and increased its price target from $19 to $20 as of Sep 18, 2025. This reflects growing confidence in the company’s strategic direction and financial recovery. Additionally, PG&E recently announced a 2.1% reduction in electric rates for residential customers effective Sep 1, 2025, signaling a step toward affordability for consumers and potentially stabilizing customer demand.

Taken together, these developments suggest a period of cautious optimism for PG&E, with improved credit ratings, a positive analyst outlook, and a recent dividend signal indicating a tempered but steady capital return strategy. However, given the historically lower recent dividend compared to the long-term average, investors should closely monitor whether this trend reflects a temporary adjustment or a more permanent shift in payout policy. As the ex-dividend date approaches on Sep 30, 2025, investors looking to benefit from the $0.0250 per share dividend should ensure their shares are in hand before the market opens on that date. Any purchase after this time will not qualify for the upcoming dividend distribution.