Portland General Electric (POR) Raises Quarterly Dividend 7.1% to $0.30; 3.4% Yield

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Go back to Portland General Electric (POR) Raises Quarterly Dividend 7.1% to $0.30; 3.4% Yield

Portland General Electric Increases Dividend

May 6, 2015 10:18 PM EDT

PORTLAND, Ore.--(BUSINESS WIRE)-- On May 6, 2015 the board of directors of Portland General Electric Company (NYSE: POR) approved a 7-percent increase in the regular quarterly common stock dividend to 30 cents per share, up from last quarters dividend of 28 cents per share. The dividend is payable on or before July 15, 2015, to shareholders of record at the close of business on June 25, 2015.

Todays dividend action is a meaningful step towards achieving a more competitive payout ratio within our industry, said Jim Piro, PGEs president and chief executive officer. Our continued focus on operational... More