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PCG PR H - Pacific Gas And Electric Co News Story

$22.31 -0.2  -0.8%

Sector
Utilities
Size
Large Cap
Market Cap £4.28bn
Enterprise Value £30.41bn
Revenue £13.60bn
Position in Universe th / 6854

BRIEF-PG&E says board adopts new annual common stock cash dividend of $1.96/shr

Mon 23rd May, 2016 12:02pm
May 23 (Reuters) - Pacific Gas And Electric Co  PCG.N  
    * Board of directors of PG&E Corporation adopted a new 
annual common stock cash dividend of $1.96 per share 
    * Board adopted new target dividend payout ratio range of 55 
to 65 percent, with target to reach payout ratio of about 60 
percent by 2019 
    * For 2016, pg&e corporation has forecasted total capital 
investments of about $5.6 billion 
    * New annual common stock cash dividend of $1.96 per share 
an increase from current annual cash dividend of $1.82 per share 
    * Board of unit adopted new annual common stock cash 
dividend of $976 million an increase from current annual cash 
dividend of $716 million 
 
Source text for Eikon:  ID:nEOL25dVwH  
Further company coverage:  PCG.N  
 
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