PG&E's dividend might remain on hold for at least several more quarters.
We are reaffirming our $52 fair value estimate and no-moat and stable moat trend ratings for PG&E after the company's board of directors decided not to pay a fourth-quarter dividend. Executives attributed the decision to uncertainty related to the Northern California wildfires this fall.Dividend policy does not impact our discounted cash flow valuation, but potential future liabilities would have a negative impact on our fair value estimate. For now we continue to incorporate a $5 billion g...
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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