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BRIEF-PG&E raises qtrly common stock dividend to 49 cents per share
May 24, 2016 / 12:06 AM / a year ago

BRIEF-PG&E raises qtrly common stock dividend to 49 cents per share

May 23 (Reuters) - Pg&E Corp

* Raising its quarterly common stock dividend to 49 cents per share, an increase of 3.5 cents per share

* Targeting a payout ratio of 55 percent to 65 percent, with intent of reaching approximately 60 percent by 2019

* For 2016, PG&E Corporation has forecasted total capital investments of about $5.6 billion

* PG&E Corporation raises common stock dividend, highlights progress at annual shareholder meeting Source text for Eikon: Further company coverage: (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)

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