PORTLAND, Ore.--(BUSINESS WIRE)--
On Oct. 26, 2016, the board of directors of Portland General Electric
Company (NYSE: POR) declared a quarterly common stock dividend of 32
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. 17, 2017, to shareholders of
record at the close of business on Dec. 27, 2016.
About Portland General Electric Company
Portland General Electric, headquartered in Portland, Ore., is a fully
integrated electric utility that serves approximately 859,000
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/20161026006943/en/
Portland General Electric Company
Media Contact:
Melanie
Moir, 503-464-8790
Corporate Communications
or
Investor
Contact:
Chris Liddle, 503-464-7458
Manager, Investor
Relations and Corporate Finance
Source: Portland General Electric Company
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