PORTLAND, Ore.--(BUSINESS WIRE)--
On July 27, 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 October 17, 2016 to shareholders of
record at the close of business on September 26, 2016.
About Portland General Electric Company
Portland General Electric, headquartered in Portland, Ore., is a fully
integrated electric utility that serves approximately 856,000
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/20160727006585/en/
Portland General Electric Company
Media Contact:
Melanie
Moir, 503-464-8790
Corporate Communications
or
Investor
Contact:
Bill Valach, 503-464-7395
Director, Investor
Relations
Source: Portland General Electric Company
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