Portland General Electric Company (POR): A Reliable Income Stock

Reported 1 day ago

Portland General Electric Company (NYSE:POR) is recognized as one of the best income stocks favored by hedge funds, operating as a publicly traded utility in Oregon. Despite risks like wildfires, the company benefits from its strategic position serving tech firms and data centers, especially in Oregon's 'Silicon Forest.' Recent earnings reflected a 6.4% revenue growth year-on-year, driven by increased demand from industrial customers. With a reliable quarterly dividend of $0.525 per share and a 5.11% yield, POR remains a solid choice for consistent income investors.

Source: YAHOO

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