Portland General Electric (NYSE:POR) declared a quarterly dividend on Wednesday, February 14th, RTT News reports. Stockholders of record on Monday, March 26th will be given a dividend of 0.34 per share by the utilities provider on Monday, April 16th. This represents a $1.36 annualized dividend and a dividend yield of 3.41%.
Portland General Electric has raised its dividend payment by an average of 5.9% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Portland General Electric has a payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Portland General Electric to earn $2.25 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 60.4%.
Portland General Electric (NYSE POR) traded down $0.49 during trading on Wednesday, hitting $39.94. The stock had a trading volume of 921,630 shares, compared to its average volume of 861,091. The stock has a market cap of $3,606.46, a PE ratio of 17.37, a P/E/G ratio of 4.97 and a beta of 0.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 0.95. Portland General Electric has a 12 month low of $39.40 and a 12 month high of $50.11.
About Portland General Electric
Portland General Electric Company is an electric utility that is engaged in the wholesale purchase, transmission, distribution and retail sale of electricity in the State of Oregon. Its service area allocation of approximately 4,000 square miles is located entirely within Oregon and includes approximately 51 incorporated cities, of which Portland and Salem.
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