PORTLAND, Ore.--(BUSINESS WIRE)--
On February 19, 2014 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 April 15, 2014 to shareholders of
record at the close of business on March 25, 2014.
About Portland General Electric Company
Portland General Electric, headquartered in Portland, Ore., is a fully
integrated electric utility that serves approximately 836,000
residential, commercial and industrial customers in Oregon. Visit our
website at www.PortlandGeneral.com.
POR-F
Source: Portland General Electric Company
Portland General Electric Company
Media Contact:
Steve
Corson, 503-464-8444
Public Information Officer
or
Investor
Contact:
Bill Valach, 503-464-7395
Director, Investor
Relations
Source: Portland General Electric Company
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