PORTLAND, Ore.--(BUSINESS WIRE)--
On July 24, 2014 the board of directors of Portland General Electric
Company (NYSE:POR) declared a quarterly common stock dividend of 28
cents per share, unchanged from last quarter's dividend.
The company's dividend is evaluated annually by the board of directors
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 15, 2014 to shareholders of
record at the close of business on September 25, 2014.
About Portland General Electric Company
Portland General Electric, headquartered in Portland, Ore., is a fully
integrated electric utility that serves approximately 838,000
residential, commercial and industrial customers in Oregon. Visit our
website at www.PortlandGeneral.com.
POR-F
Source: Portland General Electric Company
PGE
Media Contact:
Steven Corson, 503-464-8444
Corporate
Communications
or
Investor Contact:
Bill Valach,
503-464-7395
Investor Relations
Source: Portland General Electric Company
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