Portland General Electric Company (POR): A Steady Performer in the World of Income Stocks

Portland General Electric Company (NYSE:POR) is included among the 11 Best Income Stocks to Buy According to Hedge Funds.

Portland General Electric Company (NYSE:POR) is a publicly traded utility headquartered in Oregon, focused on generating, transmitting, and distributing electricity. The stock presents both potential and risk. One concern is its West Coast location, where wildfires remain a persistent threat. However, the company also benefits from serving a strategically important area that hosts key international subsea communication cable landings. This makes it an attractive utility for data centers and tech firms, particularly in Oregon’s “Silicon Forest” region.

Portland General Electric Company (NYSE:POR) recently announced earnings for the second quarter of 2025. The company posted revenue of $807 million, which showed a 6.4% growth from the same period last year. These quarterly results were largely driven by a surge in demand from data center customers, which led to a 16.5% quarter-over-quarter increase in industrial load. Progress continued on several key initiatives, including the recovery of the Seaside battery, upgrades to the distribution system, and enhancements to the holding company structure. The company also reaffirmed its adjusted earnings guidance for 2025, projecting earnings of $3.13 to $3.33 per diluted share.

Portland General Electric Company (NYSE:POR) is a solid dividend payer. On July 19, the company declared a quarterly dividend of $0.525 per share, which fell in line with its previous dividend. It has been rewarding shareholders with growing dividends for the past 19 years, which makes POR one of the best dividend stocks for consistent income. As of July 31, the stock has a dividend yield of 5.11%.

While we acknowledge the potential of POR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Shipping Stocks with Dividends and 10 Best and Safe Dividend Stocks to Buy Now

Disclosure: None.