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Portland General Electric Increases Dividend



May 7, 2014

On May 7, 2014 the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of 28 cents per share, up from last quarter’s dividend of 27.5 cents per share.

“This is PGE’s eighth consecutive annual dividend increase since going public in 2006, reflecting our continued focus on strong operations, prudent financial management, and delivering value to both our customers and our shareholders”

“This is PGE’s eighth consecutive annual dividend increase since going public in 2006, reflecting our continued focus on strong operations, prudent financial management, and delivering value to both our customers and our shareholders,” said Jim Piro, PGE’s president and chief executive officer.

The company’s dividend is evaluated annually by the board of directors 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 July 15, 2014, to shareholders of record at the close of business on June 25, 2014.

About Portland General Electric Company

Portland General Electric, headquartered in Portland, Ore., is a fully integrated electric utility that serves approximately 838,000 residential, commercial and industrial customers in Oregon.

For more information :

Organization:
Portland General Electric Company
Address:
121 SW Salmon St
Portland, Oregon
United States, 97204
www.portlandgeneral.com

Contact person:

Steve Corson, Corporate Communications
Portland General Electric Company
Tel: 503-464-8444

Contact person:

Bill Valach, Investor Relations
Portland General Electric Company
Tel: 503-464-7395


Link http://www.electricenergyonline.com/detail_news.php?ID=481223
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