PPL Corporation (NYSE:PPL) Declares $0.29 Quarterly Dividend

PPL Corporation (NYSE:PPL) declared a quarterly dividend on Wednesday, May 13th. Shareholders 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) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Wednesday, June 10th.

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 payout ratio of 58.2% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE:PPL opened at $35.76 on Thursday. The firm’s 50 day simple moving average is $38.11 and its 200-day simple moving average is $36.73. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.88 and a current ratio of 1.00. PPL has a one year low of $33.12 and a one year high of $40.10. The firm has a market cap of $26.90 billion, a PE ratio of 21.80, a price-to-earnings-growth ratio of 2.48 and a beta of 0.60.

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

PPL Company Profile

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.