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

Portland General Electric Company (NYSE:POR) declared a quarterly dividend on Friday, April 24th. Investors of record on Thursday, June 25th will be given a dividend of 0.5513 per share by the utilities provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 5.0% increase from Portland General Electric’s previous quarterly dividend of $0.53.

Portland General Electric has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Portland General Electric has a payout ratio of 65.3% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 0.0%

Shares of POR opened at $50.20 on Tuesday. Portland General Electric has a one year low of $39.54 and a one year high of $54.62. The stock has a 50-day moving average price of $50.23 and a 200 day moving average price of $50.59. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.95 and a current ratio of 1.09. The company has a market capitalization of $5.81 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.10 and a beta of 0.52.

Portland General Electric (NYSE:POR) last posted its quarterly earnings data on Thursday, April 30th. The utilities provider reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.19). Portland General Electric had a return on equity of 7.57% and a net margin of 7.12%.The business had revenue of $879.00 million for the quarter, compared to analysts’ expectations of $953.24 million. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Portland General Electric’s revenue for the quarter was down 5.3% compared to the same quarter last year. Sell-side analysts forecast that Portland General Electric will post 3.39 EPS for the current fiscal year.

Portland General Electric Company Profile

Portland General Electric (NYSE:POR) is an investor-owned electric utility headquartered in Tigard, Oregon, with roots tracing back to the late 19th century. The company generates, transmits and distributes electricity to residential, commercial and industrial customers across a broad territory in Oregon, primarily encompassing the Portland metropolitan area and surrounding regions.

As one of Oregon’s largest electric utilities, Portland General Electric operates a diverse portfolio of generation assets, including hydroelectric facilities, natural gas–fired plants and renewable energy sources.