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Portland General Electric Co. (Symbol: POR) has been recognized as a Top 10 dividend-paying utility according to Dividend Channel’s latest report. The company reports an annual dividend yield of 4.57%, significantly higher than the average utility yield of 3.8% in the coverage universe.
The current share price of POR is $43.77, reflecting a price-to-book ratio of 1.3, while the average utility trades at a price-to-book ratio of 2.4. Additionally, Portland General Electric pays a quarterly dividend of $2 per share.
The most recent dividend ex-date was December 24, 2024, underscoring the utility’s strong history of dividend payments which is crucial for assessing future dividend sustainability.
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