PORTLAND, Ore.--(BUSINESS WIRE)--
On October 23, 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 January 15, 2015 to shareholders of
record at the close of business on December 26, 2014.
About Portland General Electric Company
Portland General Electric, headquartered in Portland, Ore., is a fully
integrated electric utility that serves approximately 842,000
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:
Melanie
Moir, 503-464-8790
Corporate Communications
or
Investor
Contact:
Bill Valach, 503-464-7395
Investor Relations
Source: Portland General Electric Company
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