11 Best Affordable Dividend Stocks to Buy Now

8. Portland General Electric Company (NYSE:POR)

Forward P/E as of October 2: 12.74

Portland General Electric Company (NYSE:POR) is a publicly traded utility company based in Oregon. The company is mainly involved in the production, transmission, and distribution of electricity. The stock has the potential to provide returns, and at the same time, it carries the risk of loss. Among the issues is the company’s location on the West Coast, where the danger of forest fires is always present. Nevertheless, the firm is also the beneficiary of serving a region that is of strategic importance, as it is home to the main international subsea communication cable landings. This factor makes PGE a very interesting utility for data centers and tech firms, especially in the area of Oregon’s “Silicon Forest”.

Portland General Electric Company (NYSE:POR) announced its earnings for the second quarter of 2025 in July. The revenue of the company reached the mark of $807 million, representing a 6.4% bump compared to the same quarter in the previous year. The up-and-down situation really came from the bounce of the demand from data center customers. Industrial load increased 16.5% quarter-over-quarter. Good progress was made in a number of areas, along with the rapid recovery of the Seaside battery, distribution system upgrade, and changes to the holding company structure. PGE also confirmed its adjusted earnings forecast for 2025, predicting earnings of $3.13 to $3.33 per diluted share.

Portland General Electric Company (NYSE:POR) pays a solid dividend. The company’s quarterly dividend comes in at $0.525 per share. For the last 19 years, it has been rewarding its shareholders with increasing dividends, thus making POR one of the best dividend stocks. As of October 2, the stock has a dividend yield of 4.89%.