PPL Corporation (PPL) to Issue Quarterly Dividend of $0.29 on July 1st

PPL Corporation (NYSE:PPL) declared 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 of this dividend is Wednesday, June 10th.

PPL has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 3 years. PPL has a dividend 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 Trading Down 0.0%

Shares of PPL stock opened at $35.73 on Monday. PPL has a 1 year low of $33.17 and a 1 year high of $40.10. The firm has a market cap of $26.88 billion, a PE ratio of 21.79, a PEG ratio of 2.44 and a beta of 0.57. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.00 and a quick ratio of 0.88. The company has a 50 day simple moving average of $37.29 and a two-hundred day simple moving average of $36.58.

PPL (NYSE:PPL) last announced its earnings results on Friday, May 8th. The utilities provider reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. PPL had a net margin of 13.09% and a return on equity of 9.41%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the business posted $0.60 earnings per share. PPL’s revenue for the quarter was up 10.8% on a year-over-year basis. Analysts expect that PPL will post 1.95 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.