PG&E Settlement Creates Opening For Preferreds

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About: PG&E Corporation (PCG), Includes: PCG.PA, PCG.PB
by: Vlae Kershner
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Vlae Kershner
Long only, value, dividend investing
Summary

The $13.5 billion settlement with wildfire victims removes some of the risk for the common stock, but much remains unknown.

It allows investors to set a time frame for resumption of preferred dividends and the payment of arrears.

There are some good values among the preferreds.

The PG&E Corp. (PCG) settlement with individual claimants announced Friday night removes some risk from the common stock and increases the probability preferred dividends will be paid.

The two short-term risks mentioned in