Portland General Electric declares dividend
On July 29, 2020, Portland General Electric Company (NYSE: POR) announced a 5.8% increase in its annual dividend, raising it by 9 cents per share to 40.75 cents per share quarterly.
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Rhea-AI Summary
On July 29, 2020, Portland General Electric Company (NYSE: POR) announced a 5.8% increase in its annual dividend, raising it by 9 cents per share to 40.75 cents per share quarterly. The dividend is payable by October 15, 2020 to shareholders on record as of September 25, 2020. This decision reflects the company's commitment to maintaining shareholder returns despite uncertainties from the COVID-19 pandemic.
Positive
- 5.8% annual dividend increase.
- Quarterly dividend raised to 40.75 cents per share.
- Commitment to shareholder returns despite pandemic uncertainty.
Negative
- Uncertainties related to the COVID-19 pandemic may impact future dividends.
Details
News Market Reaction – POR
The recorded move for POR in the trading session of this news was +1.00%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
Source: Portland General Company (POR)
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Investor Contact:
Jardon Jaramillo
Investor Relations
Phone: 503-464-7051
View original content:http://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-301102719.html
SOURCE Portland General Company
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