PPL Corporation

PPL|Utilities|Utilities - Regulated Electric|$37.06|P/E 24.2|MCap 29.1B|NYSE

Last update: Mar 25, 2026 at 04:53

About PPL Corporation

PPL Corporation is a regulated utility holding company that generates, transmits, and distributes electricity and natural gas to approximately 3.5 million customers across the United States. Operating through three primary segments—Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated—the company delivers electricity in Pennsylvania, Kentucky, Virginia, and Rhode Island, while providing natural gas services in Kentucky and Rhode Island. PPL Electric Utilities serves central and eastern Pennsylvania with pure electric transmission and distribution services, while subsidiary companies LG&E and KU manage generation, transmission, and distribution in Kentucky, and Rhode Island Energy operates electric and gas utilities throughout Rhode Island. The company operates over 33,000 miles of electric and gas distribution and transmission lines and maintains approximately 7,500 megawatts of regulated generation capacity. Founded in 1920 and headquartered in Allentown, Pennsylvania, PPL focuses on infrastructure modernization, grid reliability, and the clean energy transition while maintaining affordable and dependable energy services. The company is committed to achieving net-zero carbon emissions by 2050 without compromising reliability and affordability.

Dividend Overview

Dividend Yield

2.85%

Annual Dividend

$1.10

Frequency

Quarterly

Payout Ratio

68.55%

FCF Payout Ratio

-56.67%

Stock Price

$37.06

52-Week Range

$32.50 – $39.09

Dividend Health Score

Caution

Dividend Health Assessment

PPL's dividend shows some areas that warrant monitoring. Strengths include a 68.5% earnings payout ratio & 31.5% cfo payout ratio. Areas of concern: -56.7% fcf payout ratio & 2.8x interest coverage. As a utility, higher payout ratios and leverage are typical for this regulated sector.

Based on 15 of 15 metrics

Payout & Coverage

Caution

Earnings Payout Ratio

68.5%Safe

FCF Payout Ratio

-56.7%Danger

CFO Payout Ratio

31.5%Safe

Interest Coverage

2.8xWarning

Balance Sheet

Caution

Net Debt / Total Assets

40.4%Caution

Current Ratio

0.9xWarning

Debt-to-Equity

131.1Safe

Profitability

Caution

Return on Equity

8.2%Caution

Operating Margin

18.9%Safe

Gross Margin

40.5%Safe

Profit Margin Stability

VolatileWarning

Dividend Track Record

Safe

11+ yrsVery Safe

NoneVery Safe

-8.0%Danger

Mostly StableCaution

Dividend History (2016–2025)

PPL annual dividend per share and yield history

Earnings & Profitability

PPL earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

March 10, 2026

Next Payment Date

April 1, 2026

Dividend Growth

3-Year Dividend CAGR

7.65%

5-Year Dividend CAGR

-8.04%

10-Year Dividend CAGR

-2.96%

3-Year Total Growth

24.74%

5-Year Total Growth

-34.25%

10-Year Total Growth

-25.97%

Income Calculator

PPL Dividend Calculator

Number of Shares

Total Investment

$3,706.00

Annual Income

$110.40

Quarterly Income

$27.60

Monthly Income

$9.20

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Frequently Asked Questions

What is PPL's current dividend yield?

PPL Corporation (PPL) currently has a dividend yield of 2.85%, based on a stock price of $37.06 and an annual dividend of $1.10.

When is PPL's next dividend payment date?

PPL's next ex-dividend date is 2026-03-10 and the next payment date is 2026-04-01. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does PPL pay in dividends per year?

PPL Corporation paid $1.09 per share in annual dividends in 2025. The dividends are paid quarterly.

Has PPL been increasing its dividend?

PPL Corporation has grown its dividend at a 5-year CAGR of -8.04% and a 10-year CAGR of -2.96%.

Is PPL's dividend safe?

PPL Corporation has a payout ratio of 68.55%. The payout ratio is moderate. Monitor earnings to ensure sustainability.

How is PPL's Dividend Health Score calculated?

The Dividend Health Score evaluates PPL Corporation's dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for utilities companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Health Score, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.