4.26% Dividend Yield, 19 Years of Dividend Hikes – A Pacific Northwest Utility
A Pacific Northwest Utility Riding the Data Center Boom with Strong Dividend Growth
This company is a major force in the energy sector, known for its innovative approach to grid management and clean energy solutions. It’s at the forefront of integrating advanced technologies like AI-powered grid forecasting and battery storage to meet the surging demand from data centers and semiconductor manufacturers. The utility is also pioneering regional energy market integration, joining California’s Extended Day-Ahead Market to optimize resources and reduce costs. With projects like the Harborton Reliability Upgrade and the Green Future Impact program, it’s not just keeping the lights on—it’s actively shaping the future of energy for its region. Its collaborations with tech firms and investments in renewable energy are making it a hub for innovation and economic growth, setting new standards for reliability and sustainability.
Portland General Electric (POR)
Financial Score: 87 / 99
Quick Tip
To keep your portfolio strong, stay on top of the financials for each company you hold. Solid companies mean better returns, so be sure to check in on their quarterly and annual numbers.Interesting stocks usually score 80+ on the Financial Scale, with top players hitting 90+. If that score dips below 80, it might be a good time to consider cutting ties before things take a turn.Portland General Electric (POR) is an integrated energy company serving over 950,000 customers in Oregon, primarily in the Portland metropolitan area. The company generates, transmits, and distributes electricity, operating as a regulated utility under the oversight of the Public Utility Commission of Oregon. Portland General Electric serves residential, commercial, and industrial segments, with a focus on reliability, affordability, and clean energy transition.
Dividend Powerhouse
Portland General Electric pays an annual dividend of $2.10, which translates to a yield of 4.26%. The company has raised its dividend for 19 consecutive years, demonstrating a strong commitment to shareholder returns. The payout ratio is 74.72%, indicating that a significant portion of earnings is distributed to investors, while still allowing for reinvestment in grid modernization and infrastructure. Over the past five years, the dividend has grown by 31%, averaging about 6.2% per year. This growth is supported by stable earnings, regulatory support, and a focus on operational efficiency.
Business & Financials: The Numbers That Matter
For the latest quarter (Q3 2025), Portland General Electric reported revenue of $952 million, net income of $313 million, operating income of $327 million, and EPS (GAAP) of $3.01. These figures represent solid growth compared to the previous year, with revenue up 6.5% and EPS up 18.4%. The company’s ability to maintain profitability and expand earnings demonstrates its resilience and effective management. The full earnings report is available on the company’s investor relations page.
Growth Engine: Expanding Reach and Recurring Revenue
Portland General Electric’s growth is accelerating as demand for reliable power surges across the Pacific Northwest. In Q3 2025, total load increased by 5.5% overall and 7.3% weather-adjusted, with industrial customers driving exceptional growth of 13% quarter-over-quarter, fueled by data centers and semiconductor manufacturers expanding facilities and developing new sites. The company’s residential customer count grew by 1.2%, and residential load increased 6.7% weather-adjusted. The utility is deploying substantial capital—$1.8 billion in transmission spending through 2025—targeting grid expansion and resilience to support this demand surge. Portland General Electric is also securing federal clean energy incentives, with over $1 billion in production and tax credits already monetized or pending, and is advancing 1 gigawatt of solar and battery projects slated for service by end of 2027.
Fun Fact: The Name Behind the Brand
Founded in 1889, Portland General Electric is one of the oldest electric utilities in the United States. The company has played a key role in powering social progress and economic development in Oregon, delivering safe, affordable, and increasingly clean electricity for more than 135 years.
Final Take
Portland General Electric’s dividend metrics are strong: a 4.26% yield, 19 years of consecutive dividend growth, and a payout ratio of 74.72%. The company’s financials remain robust, with Q3 2025 revenue of $952 million and EPS of $3.01. Portland General Electric continues to expand through new customers, strategic infrastructure investments, and a focus on clean energy. The Financial Score from Beatmarket is 87, indicating strong reliability but not the highest tier—companies with scores above 90 are considered the most secure for dividend safety.
Portland General Electric represents a reliable income opportunity with a proven track record of growth and stability. Its disciplined approach to capital allocation and focus on clean energy make it a notable choice for investors focused on long-term dividend income.
Someone’s sitting in the shade today because someone planted a tree a long time ago. ― Warren Buffett.
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