Portland General Electric Company (POR) has announced an increase in its annual dividend by 5.0%, or $0.09 per share. This increase has been approved by the board of directors of POR and marks Portland General Electric's commitment to reward its shareholders through increased dividends.

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Dividend Increase Evaluation Process

The dividend payout by POR is based on capital requirements and financial performance. Portland General Electric targets a dividend payout ratio of 60 to 70% over the long term. This means that POR retains a significant portion of its earnings for reinvestment in its business operations while also providing a consistent and reliable return to its shareholders through dividends.

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Quarterly Common Stock Dividend Declared

The quarterly common stock dividend of $0.475 per share has been declared by POR and is payable on or before July 17, 2023, to shareholders of record at the close of business on June 26, 2023. This announcement demonstrates POR's continued commitment to its shareholders and reflects its strong financial performance and outlook for the future.

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Members of LevelFields received the alert of this event on April 21, 6:20 PM ET

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