Portland General Electric declares dividend

Rhea-AI Summary

Portland General Electric (NYSE: POR) declared a quarterly common stock dividend of $0.525 per share on February 13, 2026. The dividend is payable on or before April 15, 2026 to shareholders of record at the close of business on March 23, 2026.

Management says dividend policy is reviewed against capital needs and targets a 60–70% payout ratio over the long term.

Positive

• Quarterly dividend of $0.525 per share declared
• Clear record and payable dates: Mar 23 record, Apr 15 pay
• Stated long-term payout target of 60–70% supports income predictability

Negative

• Dividend tied to capital requirements could be reduced if needs change
• Higher payout target may limit retained cash for large capital projects

PORTLAND, Ore., Feb. 13, 2026 /PRNewswire/ -- On February 13, 2026, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.525 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, 2026, to shareholders of record at the close of business on March 23, 2026.

About Portland General Electric Company
Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to nearly 960,000 customers serving an area of approximately 2 million Oregonians. Since 1889, Portland General Electric (PGE) has been powering economies, delivering safe, affordable and reliable electricity while working to transform energy systems to meet evolving customer needs. PGE continues to make progress towards emissions reduction targets, and customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country. PGE is ranked a top ten utility in the 2025 Forrester U.S. Customer Experience Index. In 2025, PGE employees and retirees volunteered over 18,300 hours to more than 400 nonprofits organizations. Through the PGE Foundation, along with corporate contributions and the employee matching gift program, more than $5 million was directed to charitable organizations supporting economic growth and community resilience across our service area. For more information: portlandgeneral.com/news.  

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on assumptions about the future, involve risks and uncertainties, and are not guarantees. Future results may differ materially from those expressed or implied in any forward-looking statement. These forward-looking statements represent our estimates and assumptions only as of the date of this press release. We assume no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise.

Forward-looking statements include statements, other than statements of historical or current fact, regarding the Company's amount and timing of dividends payable as well as other statements containing words such as "committed to," "targets," or similar expressions.

There can be no assurance that future dividends will be declared. The declaration of future dividends is subject to approval of our board of directors and various risks and uncertainties, including, but not limited to: our cash flow and cash needs; the timing or amount of dividends paid; the timing or outcome of various legal and regulatory actions; changes in the Company's business strategy; increases in capital expenditures; changes in capital and credit market conditions, including volatility of equity markets as well as changes in PGE's credit ratings and outlook on such credit ratings restrictions on the payment of dividends under existing or future financing arrangements; changes in tax laws relating to corporate dividends; deterioration in our financial condition or results, and those risks, uncertainties, and other factors identified from time-to-time in our filings with the United States Securities and Exchange Commission (SEC), including our annual report on Form 10-K for the year ended December 31, 2024 and subsequent quarterly reports on Form 10-Q. These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov and on the Company's website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.

Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067

Investor Contact:
Nick White
Investor Relations
Phone: 503-464-8073

Source: Portland General Company

View original content:https://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-302688132.html

SOURCE Portland General Company

FAQ

What dividend did Portland General Electric (POR) declare on February 13, 2026?

The company declared a quarterly dividend of $0.525 per share. According to the company, the dividend was approved by the board on February 13, 2026 and reflects its current payout policy and capital review process.

When is the POR dividend record date and payment date for the February 2026 declaration?

The record date is March 23, 2026 and the payment is on or before April 15, 2026. According to the company, shareholders of record at close of business March 23 will receive the April payment.

What payout ratio target did Portland General Electric (POR) disclose with the dividend?

Portland General Electric targets a long-term dividend payout ratio of 60–70%. According to the company, that target guides dividend decisions alongside capital requirements and overall financial performance.

How does the POR board decide future dividends under the February 2026 policy?

Dividends are evaluated based on capital requirements and company financial performance. According to the company, the board reviews cash needs, obligations, and the stated 60–70% payout-range before declaring distributions.

Will the $0.525 POR dividend affect company capital for projects or operations?

The dividend is subject to capital requirements and could affect available retained cash. According to the company, dividend sizing balances shareholder returns with funding needs for operations and capital projects.