Portland General Electric declares dividend
Portland General Electric (NYSE: POR) announced a quarterly dividend of 40.75 cents per share, approved by its board on February 17, 2021.
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Rhea-AI Summary
Portland General Electric (NYSE: POR) announced a quarterly dividend of 40.75 cents per share, approved by its board on February 17, 2021. This dividend reflects the company’s commitment to maintaining a payout ratio of 60% to 70% over the long term. Shareholders of record as of March 25, 2021, will receive the payment on or before April 15, 2021. Serving approximately 900,000 customers in Oregon, PGE emphasizes affordability and reliability along with a strong focus on renewable energy.
Positive
- Quarterly dividend of 40.75 cents per share approved.
- Targeted long-term dividend payout ratio of 60% to 70%.
- Company serves approximately 900,000 customers.
Negative
- None.
Details
News Market Reaction – POR
The recorded move for POR in the trading session of this news was -0.02%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
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)
View original content:http://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-301230397.html
SOURCE Portland General Company
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