PPL Corporation (NYSE:PPL) Announces Dividend Increase – $0.29 Per Share

PPL Corporation (NYSE:PPL) declared a quarterly dividend on Friday, February 20th. Investors of record on Tuesday, March 10th will be given a dividend of 0.285 per share by the utilities provider on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a 4.6% increase from PPL’s previous quarterly dividend of $0.27.

PPL has decreased its dividend payment by an average of 0.1%annually 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. Equities analysts expect PPL to earn $1.97 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 57.9%.

PPL Price Performance

Shares of NYSE PPL opened at $38.52 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.86 and a quick ratio of 0.74. The company has a market cap of $28.94 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 2.69 and a beta of 0.70. The stock’s 50-day moving average is $36.47 and its two-hundred day moving average is $36.26. PPL has a 1-year low of $32.50 and a 1-year high of $39.08.

PPL (NYSE:PPL) last announced its quarterly earnings data on Friday, February 20th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). PPL had a net margin of 13.06% and a return on equity of 9.29%. The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the business posted $0.34 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. PPL has set its FY 2026 guidance at 1.900-1.980 EPS. Analysts forecast that PPL will post 1.83 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.