PPL Corporation (NYSE:PPL) Plans Quarterly Dividend of $0.28

PPL Corporation (NYSE:PPL) declared a quarterly dividend on Friday, August 21st. Investors 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 yield of 3.3%. The ex-dividend date of this dividend is Thursday, September 10th.

PPL has decreased its dividend payment by an average of 0.1%per year 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% meaning 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 Trading Down 2.2%

PPL traded down $0.78 during midday trading on Friday, reaching $34.42. 6,252,362 shares of the company’s stock traded hands, compared to its average volume of 8,782,694. The firm has a fifty day moving average of $35.86 and a two-hundred day moving average of $36.77. PPL has a 52 week low of $33.17 and a 52 week high of $40.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.91 and a quick ratio of 0.73. The stock has a market capitalization of $25.90 billion, a price-to-earnings ratio of 20.37, a P/E/G ratio of 2.43 and a beta of 0.57.

PPL (NYSE:PPL) last released its earnings results on Friday, August 7th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.19 billion. PPL had a return on equity of 9.33% and a net margin of 13.47%.The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.32 earnings per share. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities analysts anticipate that PPL will post 1.94 earnings per share 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.