On July 26, 2017, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of 34 cents per share, unchanged from last quarter’s dividend.
The company’s dividend is evaluated based on capital requirements and financial performance. Over the long term, PGE targets a dividend payout ratio of 50 to 70 percent.
The dividend is payable on or before October 16, 2017 to shareholders of record at the close of business on September 25, 2017.
About Portland General Electric Company
Portland General Electric (NYSE: POR) is a fully integrated energy company based in Portland, Oregon, serving approximately 872,000 customers in 51 cities. For more than 125 years, PGE has been delivering safe, reliable energy to Oregonians. With more than 2,750 employees across the state, PGE is committed to building a cleaner, more efficient energy future. Together with its customers, PGE has the number one voluntary renewable energy program in the U.S. For more information visit PortlandGeneral.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170726006204/en/
Contacts:
Media Contact:
Melanie Moir,
Corporate Communications
Phone: 503-464-8790
or
Investor
Contact:
Chris Liddle, Investor Relations
Phone:
503-464-7458
