PG&E Corporation announced that Patricia K. Poppe, CEO, has agreed to extend the term of her original offer letter until January 4, 2031. Her compensation will continue to be reviewed annually. Additionally, PG&E declared a fourth-quarter dividend of $0.025 per share, payable on January 15, 2025, to shareholders of record by December 31, 2024. The company plans consistent dividend growth, targeting a payout ratio of around 20% of non-GAAP core earnings per share by 2028. PG&E affirmed its earnings guidance: non-GAAP Core EPS of $1.34-$1.37 for 2024, $1.47-$1.51 for 2025, and at least a 9% growth each year from 2026 through 2028.
Names Mentioned: - PG&E Corporation - Patricia K. Poppe - John R. Simon - Brian M. Wong