PORTLAND, Ore., Feb. 17, 2021 /PRNewswire/ -- On
February 17, 2021, 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 April 15, 2021 to shareholders of record at the
close of business on March 25,
2021.
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 owns 16 generation plants across
Oregon and other Northwestern
states 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 2020, PGE, employees, retirees and the PGE
Foundation donated $5.6 million and
volunteered 18,200 hours with more than 400 nonprofits across
Oregon. For more information visit
www.PortlandGeneral.com/news.
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