Portland General Electric Declares Dividend
27 October 2016 - 8:53AM
Business Wire
On Oct. 26, 2016, the board of directors of Portland General
Electric Company (NYSE: POR) declared a quarterly common stock
dividend of 32 cents per share, unchanged from last quarter’s
dividend.
The company’s dividend is evaluated based on capital
requirements and financial performance. Over the long term, PGE
targets a dividend payout ratio of 50 to 70 percent.
The dividend is payable on or before Jan. 17, 2017, to
shareholders of record at the close of business on Dec. 27,
2016.
About Portland General Electric Company
Portland General Electric, headquartered in Portland, Ore., is a
fully integrated electric utility that serves approximately 859,000
residential, commercial and industrial customers in Oregon. Visit
our website at www.PortlandGeneral.com.
POR-FSource: Portland General Electric Company
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version on businesswire.com: http://www.businesswire.com/news/home/20161026006943/en/
Portland General Electric CompanyMedia Contact:Melanie
Moir, 503-464-8790Corporate CommunicationsorInvestor
Contact:Chris Liddle, 503-464-7458Manager, Investor Relations
and Corporate Finance
Portland General Electric (NYSE:POR)
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