PORTLAND, Ore.--(BUSINESS WIRE)--
On Feb. 17, 2016, the board of directors of Portland General Electric
Company (NYSE: POR) declared a quarterly common stock dividend of 30
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 15, 2016 to shareholders of
record at the close of business on March 25, 2016.
About Portland General Electric Company
Portland General Electric, headquartered in Portland, Ore., is a fully
integrated electric utility that serves approximately 852,000
residential, commercial and industrial customers in Oregon. Visit our
website at www.PortlandGeneral.com.
POR-F
Source: Portland General Electric Company
View source version on businesswire.com: http://www.businesswire.com/news/home/20160217006676/en/
Portland General Electric Company
Media Contact:
Corporate
Communications
Melanie Moir, 503-464-8790
or
Investor
Contact:
Director, Investor Relations
Bill Valach,
503-464-7395
Source: Portland General Electric Company
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