Pacific Gas and Electric has also declared quarterly dividends of $0.37500, $0.34375 and $0.31250 per share on the 6.00%, 5.50% and 5.00% series of non-redeemable preferred stock, respectively. Pacific Gas and Electric said that each of these dividends is payable on May 15, 2009, to shareholders of record on April 30, 2009. “The increase is consistent with PG&E’s policy to grow the common dividend over time generally in line with earnings,” said Christopher P. Johns, senior vice president, chief financial officer and treasurer of PG&E.
