Portland General Electric Declares Dividend

PORTLAND, Ore.--(BUSINESS WIRE)--

On July 27, 2016, the board of directors of Portland General Electric Company POR declared a quarterly common stock dividend of 32 cents per share, unchanged from last quarter's dividend.

The company's 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 17, 2016 to shareholders of record at the close of business on September 26, 2016.

About Portland General Electric Company

Portland General Electric, headquartered in Portland, Ore., is a fully integrated electric utility that serves approximately 856,000 residential, commercial and industrial customers in Oregon. Visit our website at www.PortlandGeneral.com.

POR-F
Source: Portland General Electric Company

View source version on businesswire.com: http://www.businesswire.com/news/home/20160727006585/en/