Portland General Electric (POR) Raises Annual Dividend 24.8% to $0.4525; 0.9% Yield

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Go back to Portland General Electric (POR) Raises Annual Dividend 24.8% to $0.4525; 0.9% Yield

Portland General Electric declares dividend

April 22, 2022 6:00 PM EDT

PORTLAND, 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