Portland General Electric raises quarterly dividend 5.3% to 50c per share

On April 19, the board of directors of Portland General Electric Company declared a quarterly common stock dividend of 50c per share, representing an increase of 5.3%, or 10c per share, on an annualized basis. The company’s dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60%-70% over the long term. The quarterly dividend is payable on or before July 15 to shareholders of record at the close of business on June 24.