Portland General Electric declares dividend
Portland General Electric Company (NYSE: POR) has declared a quarterly common stock dividend of $0.50 per share. The dividend will be payable on or before October 15, 2024, to shareholders of record at the close of business on September 24, 2024. PGE's dividend policy is based on capital requirements and financial performance, with a long-term target payout ratio of 60 to 70%. This announcement demonstrates the company's commitment to providing consistent returns to its shareholders while maintaining financial flexibility.
Portland General Electric Company (NYSE: POR) ha dichiarato un dividendo trimestrale sulle azioni ordinarie di $0,50 per azione. Il dividendo sarà pagabile entro il 15 ottobre 2024 agli azionisti registrati alla chiusura degli affari del 24 settembre 2024. La politica dei dividendi di PGE si basa sui requisiti di capitale e sulle performances finanziarie, con un obiettivo di distribuzione del 60 al 70%. Questo annuncio dimostra l'impegno dell'azienda a fornire rendimenti costanti ai propri azionisti, mantenendo al contempo flessibilità finanziaria.
Portland General Electric Company (NYSE: POR) ha declarado un dividendo trimestral en acciones ordinarias de $0.50 por acción. El dividendo se pagará a más tardar el 15 de octubre de 2024, a los accionistas registrados al cierre de operaciones del 24 de septiembre de 2024. La política de dividendos de PGE se basa en los requisitos de capital y en el rendimiento financiero, con un objetivo de tasa de pago a largo plazo del 60 al 70%. Este anuncio demuestra el compromiso de la empresa de proporcionar rendimientos consistentes a sus accionistas mientras mantiene flexibilidad financiera.
포틀랜드 제너럴 일렉트릭 컴퍼니(뉴욕증권거래소: POR)는 공동주식 분기 배당금으로 주당 $0.50을 선언했습니다. 이 배당금은 2024년 10월 15일 이전에 지급되며, 2024년 9월 24일 업무 종료 시점에 등록된 주주에게 지급됩니다. PGE의 배당 정책은 자본 요구 사항과 재무 성과를 기반으로 하며, 장기 목표 배당률은 60%에서 70%입니다. 이 발표는 회사가 주주에게 일관된 수익을 제공하고 재무 유연성을 유지하기 위한 의지를 나타냅니다.
Portland General Electric Company (NYSE: POR) a déclaré un dividende trimestriel sur actions ordinaires de 0,50 $ par action. Le dividende sera payable au plus tard le 15 octobre 2024, aux actionnaires enregistrés à la clôture des affaires le 24 septembre 2024. La politique de dividende de PGE est basée sur les besoins en capital et la performance financière, avec un objectif de ratio de distribution à long terme de 60 à 70%. Cet annonce démontre l'engagement de l'entreprise à fournir des rendements constants à ses actionnaires tout en maintenant une flexibilité financière.
Die Portland General Electric Company (NYSE: POR) hat eine vierteljährliche Dividende auf Stammaktien von 0,50 $ pro Aktie erklärt. Die Dividende wird spätestens am 15. Oktober 2024 an die zum Geschäftsschluss am 24. September 2024 registrierten Aktionäre ausgezahlt. Die Dividendenpolitik von PGE basiert auf den Kapitalanforderungen und der finanziellen Leistung, mit einem langfristigen Ziel-Auszahlungsverhältnis von 60 bis 70%. Diese Ankündigung zeigt das Engagement des Unternehmens, seinen Aktionären konstante Renditen zu bieten und gleichzeitig finanzielle Flexibilität zu erhalten.
- Declared quarterly dividend of $0.50 per share
- Maintains consistent dividend payout to shareholders
- Long-term target payout ratio of 60-70% indicates financial stability
- None.
The company's dividend is evaluated based on capital requirements and financial performance. PGE targets a dividend payout ratio of 60 to
The quarterly dividend is payable on or before October 15, 2024, to shareholders of record at the close of business on September 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 is committed to reducing emissions from its retail power supply by
Safe Harbor Statement
Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our estimates and assumptions as of the date of this press release. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.
Forward-looking statements include statements regarding the Company's full-year earnings guidance (including assumptions and expectations regarding annual retail deliveries, average hydro conditions, wind generation, normal thermal plant operations, operating and maintenance expense and depreciation and amortization expense) as well as other statements containing words such as "anticipates," "assumptions," "based on," "believes," "conditioned upon," "considers," "could," "estimates," "expects," "forecast," "goals," "intends," "needs," "plans," "predicts," "projects," "promises," "seeks," "should," "subject to," "targets," "will continue," "will likely result," or similar expressions.
Investors are cautioned that any such forward-looking statements are subject to risks and uncertainties, including, without limitation: the timing or outcome of various legal and regulatory actions; changing customer expectations and choices that may reduce demand for electricity; the sale of excess energy during periods of low demand or low wholesale market prices; operational risks relating to the Company's generation and battery storage facilities, including hydro conditions, wind conditions, disruption of transmission and distribution, disruption of fuel supply, and unscheduled plant outages, which may result in unanticipated operating, maintenance and repair costs, as well as replacement power costs; delays in the supply chain and increased supply costs (including application of tariffs impacting solar module imports), failure to complete capital projects on schedule or within budget, failure of counterparties to perform under agreement, or the abandonment of capital projects, which could result in the Company's inability to recover project costs, or impact our competitive position, market share, revenues and project margins in material ways; default or nonperformance of counterparties from whom PGE purchases capacity or energy, which require the purchase of replacement power and renewable attributes at increased costs; complications arising from PGE's jointly-owned plant, including ownership changes, regulatory outcomes or operational failures; the costs of compliance with environmental laws and regulations, including those that govern emissions from thermal power plants; changes in weather, hydroelectric and energy market conditions, which could affect the availability, cost and required collateral for purchased power and fuel; changes in capital and credit market conditions, including volatility of equity markets, reductions in demand for investment-grade commercial paper or interest rates, which could affect the access to and availability or cost of capital and result in delay or cancellation of capital projects or execution of the Company's strategic plan as currently envisioned; general economic and financial market conditions, including inflation; the effects of climate change, whether global or local in nature; unseasonable or severe weather conditions, wildfires, and other natural phenomena and natural disasters that could result in operational disruptions, unanticipated restoration costs, third party liability or that may affect energy costs or consumption; the effectiveness of PGE's risk management policies and procedures; PGE's ability to effectively implement Public Safety Power Shutoffs (PSPS) and de-energize its system in the event of heightened wildfire risk; cyber security attacks, data security breaches, physical attacks and security breaches, or other malicious acts, which could disrupt operations, require significant expenditures, or result in claims against the Company; employee workforce factors, including potential strikes, work stoppages, transitions in senior management, and the ability to recruit and retain key employees and other talent and turnover due to macroeconomic trends; widespread health emergencies or outbreaks of infectious diseases such as COVID-19, which may affect our financial position, results of operations and cash flows; failure to achieve the Company's greenhouse gas emission goals or being perceived to have either failed to act responsibly with respect to the environment or effectively responded to legislative requirements concerning greenhouse gas emission reductions; social attitudes regarding the electric utility and power industries; political and economic conditions; acts of war or terrorism; changes in financial or regulatory accounting principles or policies imposed by governing bodies; changes in effective tax rate; and risks and uncertainties related to All-Source RFP projects, including, but not limited to, regulatory processes, transmission capabilities, system interconnections, permitting and construction delays, legislative uncertainty, inflationary impacts, supply costs and supply chain constraints. As a result, actual results may differ materially from those projected in the forward-looking statements.
Risks and uncertainties to which the Company are subject are further discussed in the reports that the Company has filed with the United States Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov and on the Company's website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements.
Media Contact:
Sarah Hamaker
Corporate Communications
Phone: 435-513-0799
Investor Contact:
Nick White
Investor Relations
Phone: 503-464-8073
Source: Portland General Company
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SOURCE Portland General Company
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