PORTLAND, Ore.--(BUSINESS WIRE)--
On October 30, 2013, the board of directors of Portland General Electric
Company (NYSE:POR) declared a quarterly common stock dividend of 27.5
cents per share, unchanged from last quarter's dividend of 27.5 cents
per share.
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 January 15, 2014 to shareholders of
record at the close of business on December 26, 2013.
About Portland General Electric Company
Portland General Electric, headquartered in Portland, Ore., is a fully
integrated electric utility that serves approximately 834,000
residential, commercial and industrial customers in Oregon. Visit our
website at www.PortlandGeneral.com.
POR-F
Source: Portland General Electric Company
Portland General Electric
Media Contact:
Public
Information Officer
Steve Corson, 503-464-8444
or
Investor
Contact:
Director, Investor Relations
Bill Valach,
503-464-7395
Source: Portland General Electric Company
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