The board of PortlandGeneral Electric Co. increased the company's quarterly common stockdividend to 32 cents per share, according to an April 27 release.

The dividend, which represents a 6.7% increase from the previousdividend of 30 cents per share, is payable on or before July 15 to shareholdersof record at the close of business June 27.

Over the long term, Portland General targets a sustainable annualdividend increase of 5% to 7% and a dividend payout ratio of 50% to 70%.