PPL Corporation (NYSE:PPL) to Issue Quarterly Dividend of $0.28

PPL Corporation (NYSE:PPL) announced a quarterly dividend on Friday, August 21st. Stockholders of record on Thursday, September 10th will be given a dividend of 0.285 per share by the utilities provider on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, September 10th.

PPL has decreased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. PPL has a payout ratio of 58.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect PPL to earn $2.11 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 54.0%.

PPL Stock Performance

NYSE PPL opened at $34.42 on Friday. The business’s 50 day moving average price is $35.83 and its 200-day moving average price is $36.75. The company has a market cap of $25.90 billion, a P/E ratio of 20.37, a P/E/G ratio of 2.41 and a beta of 0.57. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.73 and a current ratio of 0.91. PPL has a fifty-two week low of $33.17 and a fifty-two week high of $40.10.

PPL (NYSE:PPL) last issued its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.19 billion. PPL had a net margin of 13.47% and a return on equity of 9.33%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Sell-side analysts predict that PPL will post 1.94 earnings per share for the current year.

PPL Company Profile

PPL Corporation is an energy company that owns and operates electric transmission and distribution infrastructure and provides related customer services. The company’s core business centers on delivering electricity to residential, commercial and industrial customers through regulated utility operations, maintaining grid reliability, responding to outages and managing customer billing and account services.

PPL’s activities include construction and maintenance of distribution and transmission lines, meter and grid management, and programs to support energy efficiency and the interconnection of distributed resources.