Portland General Electric declares dividend
Portland General Electric Company (NYSE: POR) announced a quarterly dividend of 40.75 cents per share, approved on October 28, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Portland General Electric Company (NYSE: POR) announced a quarterly dividend of 40.75 cents per share, approved on October 28, 2020. The dividend is set to be paid on or before January 15, 2021 to shareholders who are on record by December 28, 2020. PGE targets a long-term dividend payout ratio of 60 to 70% based on capital needs and financial performance.
Positive
- Quarterly dividend of 40.75 cents per share confirmed.
- Long-term dividend payout ratio target of 60 to 70% indicates company confidence.
Negative
- None.
Details
News Market Reaction – POR
The recorded move for POR in the trading session of this news was -0.33%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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
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-301162260.html
SOURCE Portland General Company
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.