Portland General Electric Declares Dividend
PORTLAND, Ore.--(BUSINESS WIRE)-- On July 31, 2013, the board of directors of Portland General Electric Company (NYSE:POR) declared a quarterly common stock dividend of 27.5 cents per share, unchanged from last quarters dividend of 27.5 cents per share.
The companys 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 October 15, 2013 to shareholders of record at the close of business on September 25, 2013.
About Portland General Electric Company (POR)
Portland General Electric, headquartered in Portland, Ore., is a fully integrated electric utility that serves approximately 830,000 residential, commercial and industrial customers in Oregon. Visit our website at www.PortlandGeneral.com.
Source: Portland General Electric Company
Steve Corson, 503-464-8444
Public Information Officer
Bill Valach, 503-464-7395
Director, Investor Relations
Source: Portland General Electric CompanyCopyright Business Wire 2013