Portland General Electric Announces New Quarterly Dividend
Portland General Electric Declares Quarterly Dividend
On a recent occasion, the board of directors at Portland General Electric Company (NYSE: POR) made an important announcement regarding its financial performance. They declared a quarterly common stock dividend of $0.50 per share, reaffirming their commitment to shareholders.
Understanding Dividend Decisions
The decision to declare a dividend is carefully evaluated by PGE based on its capital requirements and overall financial health. The company aims for a dividend payout ratio between 60 to 70% as part of its long-term strategy, which reflects its ongoing commitment to shareholder value while balancing the need for reinvestment in infrastructure and services.
Upcoming Dividend Payment Information
This quarterly dividend is set to be paid on or before a designated date to all shareholders on record by a certain cutoff. Shareholders should keep these dates in mind to ensure they are eligible for the upcoming dividend payout and stay informed about how this dividend might impact their investment decisions.
About Portland General Electric Company
Portland General Electric (NYSE: POR) operates as an integrated energy firm that generates, transmits, and distributes electricity to over 950,000 customers across a vast service area. Since its inception in 1889, PGE has prioritized the delivery of safe, reliable, and increasingly clean energy solutions, evolving to meet the needs of its customers. PGE is renowned for its voluntary renewable energy programs, which set industry standards for clean energy commitment.
Community Engagement and Social Responsibility
PGE employees, retirees, along with the PGE Foundation, have significantly contributed to community efforts, donating approximately $5.5 million and volunteering nearly 23,000 hours to help over 480 nonprofit organizations in recent times. This deep-rooted commitment to community support showcases PGE's dedication not merely as a utility provider but as a responsible corporate citizen.
Environmental Commitment and Innovation
As part of its environmental stewardship initiatives, PGE is on a path toward significant emissions reductions, setting ambitious goals of reducing emissions from its retail power supply by 80% by 2030 and ultimately reaching 100% by 2040. The utility has been recognized for its efforts, and in a recent survey, it was ranked as the top utility for customer experience by a leading industry authority.
Importance of Sustainable Practices
PGE’s initiation of sustainability practices reflects its strategic outlook not only to meet current electricity demands but also to support a future that prioritizes environmental balance and customer satisfaction. The company is exploring innovative technologies to expand its renewable energy sources, ensuring long-term sustainability for generations to come.
Media and Investor Relations
For those interested in learning more about PGE's operations, corporate responsibility efforts, and financial health, the company maintains an active communication policy. Interested parties can reach out to:
Media Contact:
Drew Hanson
Corporate Communications
Phone: 503-464-2067
Investor Contact:
Nick White
Investor Relations
Phone: 503-464-8073
Frequently Asked Questions
What is the quarterly dividend declared by PGE?
PGE declared a quarterly dividend of $0.50 per share for its common stock.
When will PGE shareholders receive the dividend?
The dividend will be payable on or before a specific date to shareholders recorded by an earlier cutoff.
How does PGE determine its dividend policy?
PGE's dividend policy considers capital needs and financial performance, aiming for a payout ratio between 60-70% in the long term.
What initiatives does PGE partake in regarding community support?
PGE encourages employee involvement in community initiatives, donating time and resources to support countless nonprofit organizations.
What are PGE’s environmental goals?
PGE aims to cut emissions from their power supply by 80% by 2030 and achieve 100% by 2040, focusing on sustainable energy solutions.
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