PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 24, 2018--
On October 24, 2018, the board of directors of Portland General Electric
Company (NYSE: POR) declared a quarterly common stock dividend of 36.25
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 January 15, 2019 to shareholders of
record at the close of business on December 26, 2018.
About Portland General Electric Company
Portland General Electric (NYSE: POR) is a fully integrated energy
company based in Portland, Oregon, serving approximately 885,000
customers in 51 cities. For more than 125 years, PGE has been delivering
safe, affordable and reliable energy to Oregonians. Together with its
customers, PGE has the No. 1 voluntary renewable energy program in the
U.S. With more than 2,900 employees across the state, PGE is committed
to helping its customers and the communities it serves build a clean
energy future. For more information visit PortlandGeneral.com/CleanVision.
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Source: Portland General Electric
Portland General Electric
Media Contact:
Andrea Platt,
503-464-7980
Corporate Communications
or
Investor
Contact:
Chris Liddle, 503-464-7458
Investor Relations