PORTLAND, Ore., July 29, 2020 /PRNewswire/ -- On July 29, 2020, the board of directors of Portland
General Electric Company (NYSE: POR) approved an increase in the
annual dividend of 5.8%, or nine
cents per share, declaring a quarterly common stock dividend
of 40.75 cents per share.
Last quarter, the dividend remained consistent with previous
quarters, reflecting uncertainties related to the onset of the
COVID-19 pandemic. At that time, the board pledged to reevaluate
the dividend quarterly.
The quarterly dividend is payable on or before October 15, 2020 to shareholders of record at the
close of business on September 25,
2020.
About Portland General Electric Company
Portland
General Electric (NYSE: POR) is a fully integrated energy company
based in Portland, Oregon, with
operations across the state. The company serves 895,000 customers
with a service area population of 1.9 million Oregonians in 51
cities. PGE has 16 generation plants in five Oregon counties, and maintains and operates 13
public parks and recreation areas. For over 130 years, PGE has
delivered safe, affordable and reliable energy to Oregonians.
Together with its customers, PGE has the No. 1 voluntary renewable
energy program in the U.S. PGE and its 3,000 employees are working
with customers to build a clean energy future. In 2019, PGE,
employees, retirees and the PGE Foundation donated $4.7 million and volunteered 32,900 hours with
more than 700 nonprofits annually across Oregon. For more information visit
portlandgeneral.com/news.
Source: Portland General Company (POR)
Media Contact:
Andrea
Platt
Corporate Communications
Phone: 503-464-7980
Investor Contact:
Jardon
Jaramillo
Investor Relations
Phone: 503-464-7051
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SOURCE Portland General Company