PPL Corporation (NYSE:PPL) declared quarterly dividend of $ 0.415 per share, or $ 1.66 annualized.
The dividend will be payable on October 1, 2020, to stockholders of record on September 10, 2020, with an ex-dividend date of September 9, 2020.
Dividends History
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Recent Earnings Announcement
PPL Corporation unwinded income for the second quarter of $ 0.55 per share, from the revenue of $ 1,739.00 million. The quarterly earnings reduced 5.17 percent while revenues contracted 3.55 percent compared with the same quarter last year.
Street analysts expected PPL Corporation to report income of $ 0.54 per share on revenue of $ 1891.55 million for the second quarter. The bottom line results beat street analysts by $ 0.01 or 1.85 percent, at the same time, top line results fell short of analysts by $ 152.55 million or 8.06 percent.
Stock Performance
Shares of PPL Corporation traded low $ -0.06 or -0.20 percent on Friday, reaching $ 27.60 with volume of 2.62 million shares. The stock opened positive for the day at $ 27.68, after closing the previous day trading at $ 27.65.
According to the previous trading day, closing price of $ 27.65, representing a 52.59 % increase from the 52 week low of $ 18.12 and a 24.93 % decrease over the 52 week high of $ 36.83.
The company has a market capital of $ 21.21 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated.
