PPL Corporation (PPL) To Go Ex-Dividend on March 10th

PPL Corporation (NYSE:PPL) announced a quarterly dividend on Friday, February 20th. Stockholders 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 dividend 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 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 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 Stock Up 1.5%

Shares of NYSE PPL opened at $38.52 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.74 and a current ratio of 0.86. PPL has a 52 week low of $32.50 and a 52 week high of $39.08. The stock has a market capitalization of $28.94 billion, a P/E ratio of 24.08, a PEG ratio of 2.69 and a beta of 0.70. The stock’s fifty day moving average is $36.47 and its 200 day moving average is $36.26.

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

Institutional Trading of PPL

A number of hedge funds have recently added to or reduced their stakes in the stock. Stock Yards Bank & Trust Co. grew its stake in shares of PPL by 4.5% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 6,924 shares of the utilities provider’s stock valued at $257,000 after buying an additional 300 shares during the period. Parallel Advisors LLC raised its position in PPL by 3.8% in the third quarter. Parallel Advisors LLC now owns 9,325 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 341 shares during the period. Cary Street Partners Financial LLC lifted its stake in PPL by 6.9% in the second quarter. Cary Street Partners Financial LLC now owns 5,299 shares of the utilities provider’s stock valued at $180,000 after purchasing an additional 343 shares during the last quarter. Busey Bank lifted its position in shares of PPL by 6.2% during the 4th quarter. Busey Bank now owns 6,005 shares of the utilities provider’s stock valued at $210,000 after buying an additional 351 shares during the last quarter. Finally, First Bank & Trust lifted its holdings in PPL by 1.0% during the third quarter. First Bank & Trust now owns 45,405 shares of the utilities provider’s stock valued at $1,687,000 after purchasing an additional 466 shares during the last quarter. Institutional investors and hedge funds own 76.99% of the company’s stock.

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.