#USA #Dividend #Renewable Energy #Portland #Portland General Electric

Portland General Electric Declares Increased Dividend

On April 18, 2025, Portland General Electric Company (NYSE: POR), a leading utility service provider in Oregon, declared a quarterly common stock dividend of $0.525 per share. This represents a 5% increase compared to the previous dividend, which equates to an additional $0.10 per share on an annual basis. The announcement underscores the company's robust financial performance and commitment to rewarding its shareholders.

The decision to raise the dividend comes after careful evaluation by the company’s board of directors, taking into account the company’s capital requirements and overall financial health. Portland General Electric has established a target dividend payout ratio of 60% to 70% over the long term, aiming to balance shareholder returns with strategic reinvestment in infrastructure and sustainability initiatives.

Shareholders can expect this quarterly dividend to be payable on or before July 15, 2025, provided they are on record by the close of business on June 24, 2025.

Commitment to Sustainability

As a key player in the energy sector, Portland General Electric has aimed to align its business strategies with a more sustainable future. The company serves approximately 950,000 customers in Oregon, which represents a population of nearly 1.9 million. Since its inception in 1889, PGE has been dedicated to powering social progress while ensuring that the electricity supplied is safe, affordable, and increasingly clean.

Portland General Electric has also established itself as a front-runner in the renewable energy sector, leading the country with its top-rated voluntary renewable energy program. The company is firmly committed to reducing carbon emissions from its retail power supply by 80% by 2030 and 100% by 2040. This focus on sustainability not only highlights PGE's commitment to environmental stewardship but also reflects evolving customer preferences that prioritize clean energy solutions.

In line with this commitment, PGE was recognized as the number one utility in the 2024 Forrester U.S. Customer Experience Index, further establishing its reputation for excellent service amidst a growing emphasis on customer experience and satisfaction.

Corporate Giving and Community Engagement

Beyond its corporate responsibilities and environmental initiatives, PGE also places a strong emphasis on community support. In 2024, employees, retirees, and the PGE Foundation collectively contributed $5.5 million and volunteered nearly 23,000 hours to more than 480 nonprofit organizations. This level of engagement demonstrates PGE's dedication not only to operational excellence but also to the communities it serves.

Future Prospects

Looking ahead, PGE is focused on continuing its growth trajectory while sustaining its commitment to shareholders and community initiatives. With an eye on maintaining financial health and strategic investments, the company remains optimistic about its long-term prospects. Investors are encouraged to keep abreast of future developments, as PGE navigates the complex landscape of regulatory changes, energy demands, and technological advancements.

As a forward-looking energy provider, Portland General Electric’s latest dividend increase reinforces its promise to shareholders. It also reflects the company’s resilient performance amidst challenges and its strategies focusing on delivering long-term sustainable value.

For further information, visit Portland General Electric's news page for updates on future plans, corporate responsibility efforts, and community engagement initiatives.