Shares of PG&E Corp’s 6% 1st Preferred Non-Redeemable (PCG.PRA) were yielding above 7% based on its quarterly dividend, trading as low as $20.47. The stock is at a 14.56% discount to its liquidation preference amount. PCG.PRA is not cumulative, so missed payments do not need to be paid back before common dividends resume.

In Tuesday trading, PCG.PRA is up 0.2% while common shares (PCG) are down 3%. The average yield for “Electric Utilities” preferred stock is 6.27%. Check out the 50 highest yielding preferred stocks for more information.

Read more at Nasdaq: PG&E’s Preferred Shares Cross 7% Yield Mark