PG&E Corporation's dividends with 2025 ex-dividend dates totaled $0.125 per share, a 127.3% increase from $0.055 in 2024, and its quarterly dividend now stands at $0.05, according to dividend-history data reviewed by SourceWire. The jump looks dramatic on paper, but it comes off an unusually small base: the utility paid $0.01 per share a quarter through its September 2024 ex-dividend date, $0.025 from December 2024 and $0.05 from December 2025, a pattern that first stood out in data tracked on Dividendly, a Madison Labs research site.
The scale of the percentage gain says more about where PG&E's dividend has been than where it is now. Before the company's 2019 bankruptcy filing, tied to liabilities from a series of California wildfires linked to its equipment, PG&E was paying $0.53 per share quarterly in 2017, according to its dividend payment history. Its payments stopped after October 2017, more than a year before the bankruptcy filing, and resumed at $0.01 per share in January 2024, after the company had emerged from Chapter 11. Even after two consecutive years of annual increases, the current $0.05 quarterly payment sits at roughly a tenth of the 2017 level.
For income-focused investors, the numbers underline both the rebuild and its limits. PG&E's current dividend yield stands at 1.20%, based on the $16.60 closing price on August 28, 2026: modest by utility-sector standards, where regulated electric names have traditionally offered yields well above the broader market. The payout ratio for 2025, at 11.73% of GAAP earnings, was low, which in isolation suggests the company retains considerable capacity to keep raising the dividend without straining its earnings base. But the longer record still shows the suspension: the 2025 total of $0.125 per share compares with $1.925 in 2016, the last full year of payments before they stopped.
The dividend's track record also carries a structural asterisk that matters to investors screening for reliability. PG&E has 54 years of dividend payments on record, a history long enough to span multiple economic and regulatory cycles, but that record includes the suspension that followed its October 2017 payment and a much lower rate since payments resumed, meaning it does not qualify as an unbroken payment history by standard dividend-safety criteria. The company has strung together two consecutive years of annual increases since resuming payments, short of the three-year threshold some dividend screening frameworks use to classify a payout trend as durable rather than merely resumed.
Background on the bankruptcy remains central to interpreting the current numbers. PG&E filed for Chapter 11 protection in January 2019 after facing tens of billions of dollars in potential liabilities from wildfires attributed to its transmission equipment, including the 2018 Camp Fire. The company emerged from bankruptcy in 2020 under a reorganization plan that included funding for wildfire victims and continued regulatory oversight of its wildfire-mitigation spending. The dividend had already been suspended before the filing, and its slow return has tracked the company's broader effort to rebuild balance-sheet capacity and investor confidence.
In the current market, PG&E shares fell $1.35, or 7.52%, in the August 28, 2026 session, closing at $16.60 after a previous close of $17.95, with the stock trading within its 52-week range of $14.44 to $19.11. Its market capitalization at that close was $36.55 billion. The move came amid a broader session in which several large-cap names posted sharp swings (chipmakers including NVIDIA and KLA Corporation declined more than 4% while Amazon and ServiceNow gained, according to trading data reviewed alongside PG&E's figures), underscoring that utility-sector price action on the day was not occurring in isolation from wider market volatility.
Investors watching PG&E's dividend trajectory are likely to focus on whether the company extends its increase streak to a third consecutive year, a threshold that would shift its growth pattern from merely resumed to more consistently established under common dividend-tracking frameworks. Also relevant will be PG&E's ongoing wildfire-mitigation spending and regulatory proceedings in California, which continue to shape the earnings base from which future dividend decisions are made. No third party cited in this article has offered a specific forecast for where PG&E's dividend or share price may go next, and any such projection would represent an opinion rather than a certainty. The company's next ex-dividend date, tied to its quarterly declaration cycle, will be a near-term marker for whether the rebuild continues at its recent pace.
Correction, September 14, 2026: An earlier version of this story described the 127.3% rise as a year-over-year change in the quarterly dividend; misstated when the quarterly rate changed, the number of consecutive annual increases and when the dividend was suspended; gave the wrong date for the closing price and share-price move; gave a market value that did not match that close; and cited long-term growth rates that could not be reproduced from the payment record.