Portland General Electric Company (NYSE:POR) Declares Quarterly Dividend of $0.55

Portland General Electric Company (NYSE:POR) declared a quarterly dividend on Friday, July 24th. Stockholders of record on Friday, September 25th will be paid a dividend of 0.5513 per share by the utilities provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, September 25th.

Portland General Electric has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Portland General Electric has a dividend payout ratio of 65.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Portland General Electric to earn $3.56 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 61.8%.

Portland General Electric Stock Performance

Shares of POR stock opened at $47.40 on Wednesday. The stock has a market cap of $5.57 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 2.03 and a beta of 0.51. Portland General Electric has a 52-week low of $42.56 and a 52-week high of $54.62. The business has a 50-day simple moving average of $49.75 and a 200-day simple moving average of $50.74. The company has a quick ratio of 0.86, a current ratio of 0.98 and a debt-to-equity ratio of 1.26.

Portland General Electric (NYSE:POR) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). Portland General Electric had a net margin of 7.27% and a return on equity of 7.47%. The company had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $839.75 million. During the same quarter in the prior year, the business posted $0.66 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. On average, equities analysts expect that Portland General Electric will post 3.38 EPS for the current year.

About Portland General Electric

Portland General Electric Company (NYSE: POR) is an investor-owned electric utility that generates, purchases, transmits, distributes and sells electricity in Oregon. The company serves residential, commercial, industrial and other customers, offering electric delivery and related energy services across its service territory.

Founded in 1889, Portland General Electric is headquartered in Portland, Oregon, and serves communities in the Portland metropolitan area and the Willamette Valley, among other parts of the state.