News Release Details

PORTLAND, Ore.--(BUSINESS WIRE)-- On Oct. 22, 2015, 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 Jan. 15, 2016 to shareholders of record at the close of business on Dec. 28, 2015.

About Portland General Electric Company

Portland General Electric, headquartered in Portland, Ore., is a fully integrated electric utility that serves approximately 849,000 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/20151022006681/en/

Portland General Electric Company
Media Contact:
Melanie Moir
Corporate Communications
Phone: 503-464-8790
or
Investor Contact:
Bill Valach
Director, Investor Relations
Phone: 503-464-7395

Source: Portland General Electric Company

News Provided by Acquire Media