PORTLAND, Ore., Oct. 28, 2020 /PRNewswire/ -- On
October 28, 2020, the board of
directors of Portland General Electric Company (NYSE: POR) approved
a quarterly common stock dividend of 40.75
cents per share.
The company's dividend is evaluated based on capital
requirements and financial performance. PGE targets a dividend
payout ratio of 60 to 70% over the long term.
The quarterly dividend is payable on or before January 15, 2021 to shareholders of record at the
close of business on December 28,
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
approximately 900,000 customers with a service area population of 2
million Oregonians in 51 cities. PGE has 16 generation plants in
five Oregon counties, and
maintains and operates 14 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 across
Oregon. For more information visit
portlandgeneral.com/newsroom.
Media Contact:
Brianne
Hyder
Corporate Communications
Phone: 503-464-8596
Investor Contact:
Jardon
Jaramillo
Investor Relations
Phone: 503-464-7051
Source: Portland General Company (POR)
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SOURCE Portland General Company