PG&E Corp. (PCG) Raises Quarterly Dividend 7.7% to $0.49; 3.4% Yield

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Mizuho Securities Raises Price Target on PG&E Corp. (PCG) Following Dividend Hike

May 24, 2016 9:07 AM EDT

Mizuho Securities reiterated a Buy rating on PG&E Corporation (NYSE: PCG), and raised the price target to $64.00 (from $56.00), following the company's surprise 7.7% dividend hike announcement. Changes in dividends are deemed permanent in nature and is likely to bind future leadership at the Company.... More