PORTLAND, Ore.--(BUSINESS WIRE)--On Feb. 15, 2017, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of 32 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 April 17, 2017 to shareholders of record at the close of business on March 27, 2017.
About Portland General Electric Company
Portland General Electric, headquartered in Portland, Ore., is a fully integrated electric utility that serves approximately 863,000 residential, commercial and industrial customers in Oregon. Visit our website at www.PortlandGeneral.com.
Source: Portland General Electric Company