New Dividend: 27.5 cents quarterly (per share) Dividend Percent Increase: 1.89% Current Yield: 4.31% Oregon-based power and gas utility Portland General Electric ( POR) may not be the biggest dividend hike of the week on a percentage basis, but that doesn't mean that this small-cap firm doesn't pay out substantial cash -- it does. A paltry 1.89% dividend increase last week brings the firm's dividend yield up to a hefty 4.31%. The firm isn't merely a regulated utility -- it's also a generation firm with 2,700 megawatts of capacity spread across a handful of plants in the Pacific Northwest. Being a regulated utility gives Portland General regular, predictable income streams, while power generation adds some a speculative angle to the firm's earnings power (generation profits are largely commodity-driven, after all). That's an attractive combination for income investors looking for something other than the standard large-cap utility stock. A reasonable balance sheet and an impetus on dividend hikes make Portland General a solid core holding for income investors in 2012. To see these dividend plays in action, check out the Dividend Stocks for the Week portfolio on Stockpickr. And if you haven't already done so, join Stockpickr today to create your own dividend portfolio. -- Written by Jonas Elmerraji in Baltimore.