PPL Corporation (NYSE:PPL) Announces $0.28 Quarterly Dividend

Key Points

• PPL declared a quarterly dividend of $0.285 per share, payable October 1 to shareholders of record on September 10. The dividend implies an annualized payout of $1.14 per share and a 3.3% yield.
• The dividend appears well covered, with a current payout ratio of 58.2% and an expected future payout ratio of 54.0%; analysts project next-year earnings of $2.11 per share.
• PPL shares fell 2.2% to $34.42 after the company reported quarterly EPS of $0.33, slightly below the $0.34 consensus, while revenue of $2.11 billion also missed estimates.

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

PPL has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years. PPL has a payout ratio of 58.2% indicating that its dividend is sufficiently covered by earnings. Research 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 Down 2.2%

PPL traded down $0.78 during trading on Friday, reaching $34.42. The company had a trading volume of 6,252,362 shares, compared to its average volume of 8,782,694. The company has a market cap of $25.90 billion, a P/E ratio of 20.37, a PEG ratio of 2.43 and a beta of 0.57. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73. PPL has a 12 month low of $33.17 and a 12 month high of $40.10. The business's fifty day moving average price is $35.86 and its 200 day moving average price is $36.77.

PPL (NYSE:PPL - Get Free Report) last announced its 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). PPL had a return on equity of 9.33% and a net margin of 13.47%.The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the company posted $0.32 EPS. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Equities analysts anticipate that PPL will post 1.94 EPS 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.

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