California utilities

PG&E Corp. announced a regular cash dividend of $0.05 per share for Q4 2025, payable Jan 15 2026 to shareholders of record Dec 31 2025. Its utility subsidiary set quarterly preferred‑stock payouts for eight series, ranging from $0.27 to $0.37 per share, payable Feb 15 2026. The modest dividend reflects ongoing balance‑sheet recovery after wildfire liabilities, while PG&E invests $8 billion in grid modernization and wildfire‑hardening, seeks regulatory approval for its capital plan, and aims to restore investor confidence and potentially raise future dividends.