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Portland General Electric declares dividend

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PORTLAND, Ore., Oct. 26, 2021 /PRNewswire/ -- On October 26, 2021, the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of 43 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 January 18, 2022, to shareholders of record at the close of business on December 27, 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, with goals of achieving at least an 80% reduction in greenhouse gas (GHG) emissions by 2030 and 100% reduction in GHG emissions by 2040. In 2021, PGE became the first U.S. utility to join The Climate Pledge. 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 the eighth year in a row PGE achieved a perfect score on the 2021 Human Rights Campaign Foundation's Corporate Equality Index, a national benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality. For more information visit www.PortlandGeneral.com/news.

Source: Portland General Company (POR)

Media Contact:
Mike Houlihan
Corporate Communications
Phone: 503-504-9706

Investor Contact:
Jardon Jaramillo
Investor Relations
Phone: 503-464-7051

Cision View original content:https://www.prnewswire.com/news-releases/portland-general-electric-declares-dividend-301409181.html

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About POR

at portland general electric, we strive to provide reliable energy at an affordable price for over 800,000 customers, spanning over 52 cities. founded in 1889, today we’re the largest utility in oregon, covering over 4,000 miles of the nw region. as a company, we’re committed to reflecting the values of our customers – which is why pge is home to the most popular renewable energy program in the united states. in addition to leading the charge on renewable energy practices, our employees are also committed to the community we serve. in 2011, our outstanding volunteers donated nearly 50,000 hours of their time and $1.6 million through pge’s annual employee giving campaign. growing with the region, pge employs a diverse workforce of over 2,700 people. our employees aim to innovate, as well as to carry out pge’s mission statement, “to be a company our customers and communities can depend upon to provide electric service in a safe, responsible and reliable manner, with excellent customer se