Portland General Electric Company (NYSE:POR) is included among the 11 High-Yield Dividend Stocks for Steady Cash Flow.
Portland General Electric Company is a publicly traded utility based in Oregon that focuses on the generation, transmission, and distribution of electricity.
On October 17, UBS reaffirmed its Buy rating and $47.00 price target on the stock as the company awaits a ruling from the Oregon Public Utility Commission regarding its proposed 200 MW Seaside battery project. A final decision is expected soon. UBS stated that a favorable regulatory outcome could support Portland General Electric Company’s earnings per share growth guidance of 5% to 7%. The firm also noted that it does not anticipate major surprises from the regulatory review.
According to UBS, the commission’s decision, which may be issued without a formal meeting, is likely to serve as a positive development for the company.
Apart from this, Portland General Electric Company is a solid dividend company with 19 consecutive years of dividend growth under its belt. The company offers a quarterly dividend of $0.525 per share and has a dividend yield of 4.67%, as of October 21.
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