Buffett's junior apprentice$PG & E(PCG.US)July 19, 2024: After being burdened by the compensation for the 2018 California wildfires, Pacific Gas and Electric has finally overcome its difficulties and moved towards normal operations!
According to the 2024 interim report, total revenue reached 11.8 billion USD, with a revenue growth of 3.03%. Net profit was 1.251 billion USD, with a net profit growth of 28.41%. Earnings per share were 0.56 USD, with a growth of 26%. This makes it very suitable for my dividend stock strategy, 😂 so I plan to wait for $PG & E(PCG.US) to pull back to 18 for dividend accumulation. Although the dividends are low in the early stages, as long as there are no black swan events in operations, the company's revenue and net profit remain very stable in the long run.
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