Investor Presentaiton
Proven dividend growth
5.6% CAGR(1)
5.8% CAGR(2)
(4)
$1.79
$1.70
$1.59
$1.52
$1.43
Actual Payout
$1.34
Ratio
$1.26
$1.18
$1.10 $1.12
H
2013
2014
2015
2016
2017
2018
2019
Long-term dividend growth guidance of 5-7%(4)
Dividends
declared per
common share(3)
70%
60%
(5)
2020
2021
2022E
(1) Compound Annual Growth Rate from 2013 through 2022
(2) Compound Annual Growth Rate from 2018 through 2022
(3) Represents annual dividends declared per common share
(4) Estimates and projections are based on assumptions and there can be no assurance regarding the amount of future dividends. The amount and timing of dividends payable and the dividend policy are the sole
discretion of the Portland General Electric Board of Directions, and if declared and paid, dividend may be in amounts that are less than projected
(5)
2022E estimated dividend payout ratio calculated using the midpoint of GAAP earnings guidance of $2.60 to $2.75
Ratio
Target Payout
PGE
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