Portland General Electric (POR) Raises Annual Dividend 24.8% to $0.4525; 0.9% Yield
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Portland General Electric declares dividend
April 22, 2022 6:00 PM EDTPORTLAND, Ore., April 22, 2022 /PRNewswire/ -- On April 22, 2022, the board of directors of Portland General Electric Company (NYSE: POR) approved an increase in the annual dividend of 5.2%, or $0.09 per share, declaring a quarterly common stock dividend of $0.4525 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 July 15, 2022, to shareholders of record at the close... More
