Portland Gen Electric: Dividend Insights
Portfolio Pulse from Benzinga Insights
Portland Gen Electric (NYSE:POR) announced a quarterly dividend of 47.5 cents per share, with the ex-dividend date set for Friday. Shareholders owning the stock by the end of Thursday are eligible for the payout, which will be distributed on January 15, 2024. The stock is expected to open 47.5 cents lower on the ex-dividend date.
December 19, 2023 | 2:45 pm
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Portland Gen Electric (POR) will pay a quarterly dividend of 47.5 cents per share, with the ex-dividend date approaching. The stock price is expected to adjust lower by the dividend amount on the ex-dividend date.
The stock price of POR is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend.
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