PPL Corporation Declares Quarterly Dividend of $0.29 (NYSE:PPL)

PPL Corporation (NYSE:PPL) announced a quarterly dividend on Wednesday, May 13th. Stockholders of record on Wednesday, June 10th will be given a dividend of 0.285 per share by the utilities provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, June 10th.

PPL has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. PPL has a dividend payout ratio of 58.2% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 1.6%

NYSE PPL opened at $35.76 on Thursday. PPL has a 12 month low of $33.12 and a 12 month high of $40.10. The stock has a market cap of $26.90 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.48 and a beta of 0.60. The stock’s fifty day moving average price is $38.11 and its 200-day moving average price is $36.73. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 1.27.

PPL (NYSE:PPL) last released its earnings results on Friday, May 8th. The utilities provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. PPL had a return on equity of 9.41% and a net margin of 13.09%.The firm had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities analysts forecast that PPL will post 1.95 EPS for the current fiscal year.

About PPL

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.