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

PPL Corporation (NYSE:PPL) announced a quarterly dividend on Friday, February 20th. Shareholders of record on Tuesday, March 10th will be paid 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 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 raised 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%

PPL opened at $38.52 on Friday. The company has a market capitalization of $28.94 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 2.69 and a beta of 0.70. The firm has a 50-day simple moving average of $36.47 and a two-hundred day simple moving average of $36.26. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.21. PPL has a 52 week low of $32.50 and a 52 week high of $39.08.

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

Hedge Funds Weigh In On PPL

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stock Yards Bank & Trust Co. lifted its position in shares of PPL by 4.5% during the third 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 last quarter. Parallel Advisors LLC lifted its holdings in shares of PPL by 3.8% during the 3rd quarter. Parallel Advisors LLC now owns 9,325 shares of the utilities provider’s stock valued at $347,000 after purchasing an additional 341 shares during the last quarter. Cary Street Partners Financial LLC lifted its holdings in shares of PPL by 6.9% during the 2nd 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 boosted its position in shares of PPL by 6.2% in the 4th quarter. Busey Bank now owns 6,005 shares of the utilities provider’s stock worth $210,000 after purchasing an additional 351 shares in the last quarter. Finally, First Bank & Trust grew its stake in PPL by 1.0% during the 3rd quarter. First Bank & Trust now owns 45,405 shares of the utilities provider’s stock worth $1,687,000 after buying an additional 466 shares during the last quarter. 76.99% of the stock is currently owned by institutional investors.

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.