Regulatory Review

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.

FIS announced a slight delay in its acquisition of Global Payments’ Issuer Solutions business due to a refiling of the UK Merger Notice with the CMA. FIS proactively identified supplementary information needed for the CMA’s review. Despite this procedural hurdle, FIS maintains its expectation that the transaction will close in the first half of 2026. Analysts are watching closely to see if the CMA’s inquiry signals broader concerns about consolidation in the fintech space and potential impacts on competition.