Reported 29 days 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