On Oct. 26, 2016, the board of directors of Portland General Electric Company 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
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.