PPL Corporation (NYSE:PPL – Get Free Report) declared a quarterly dividend on Wednesday, May 13th. Investors of record on Wednesday, June 10th will be paid a dividend of 0.285 per share by the utilities provider on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, June 10th.
PPL has decreased its dividend by an average of 0.1%annually 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 Stock Performance
NYSE PPL opened at $35.71 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average is $38.06 and its two-hundred day moving average is $36.72. PPL has a 12-month low of $33.17 and a 12-month high of $40.10. The stock has a market capitalization of $26.86 billion, a price-to-earnings ratio of 21.77, a PEG ratio of 2.44 and a beta of 0.60.
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.
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