PORTLAND, Ore. , Oct. 18, 2024 /PRNewswire/ -- On October 18, 2024 , the board of directors of Portland General Electric Company (NYSE: POR) declared a quarterly common stock dividend of $0.
50 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 January 15, 2025 , to shareholders of record at the close of business on December 24, 2024 . About Portland General Electric Company Portland General Electric (NYSE: POR) is an integrated energy company that generates, transmits and distributes electricity to over 930,000 customers with a service area population of 1.9 million Oregonians.
For more than 130 years, Portland General Electric (PGE) has been powering social progress, delivering safe, affordable, reliable and increasingly clean electricity while working to transform energy systems to meet evolving customer needs. PGE customers have set the standard for prioritizing clean energy with the No. 1 voluntary renewable energy program in the country.
PGE was ranked the No. 1 utility in the 2024 Forrester U.S.
Customer Experience Index and is committed to reducing emissions from its retail power supply by 80% by 2030 and 100% by 2040. PGE is recognized by the Bloomberg Gender-Equality Index for the company's commitment to creating a more equal, inclusive workplace. In 2023, PGE employees, retirees and the PGE Foundatio.