PPL's last quarterly dividend of $0.258 per share was on Mar 7, 2024 (ex-date). The annualized dividend payment of $0.98 per share represents a current dividend yield of 3.58%. The latest PPL payout of $0.258 marks a dividend growth of 7%.
PPL has a dividend yield of 3.58% which is higher than the Utilities sector average but lower than the industry and its peers average. But if we consider the Utilities sector average of 3.49%, PPL's dividend yield is only 2.6% higher. The current dividend yield is less than the historical average of 4.9% of the last 5 years.
PPL has a history of paying dividends since 1994. Our records of PPL show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 7% since one year ago. And with the stock price down by 4.9% from a year ago, the dividend yield marks an increase of 12%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 7, 2024 | Apr 1, 2024 | Feb 16, 2024 | $0.258 | normal |
| Dec 7, 2023 | Jan 2, 2024 | Nov 17, 2023 | $0.24 | normal |
| Sep 7, 2023 | Oct 2, 2023 | Aug 25, 2023 | $0.24 | normal |
| Jun 8, 2023 | Jul 3, 2023 | May 17, 2023 | $0.24 | normal |
| Mar 9, 2023 | Apr 3, 2023 | Feb 17, 2023 | $0.24 | normal |
| Dec 8, 2022 | Jan 3, 2023 | Nov 18, 2022 | $0.225 | normal |
| Sep 8, 2022 | Oct 3, 2022 | Aug 26, 2022 | $0.225 | normal |
| Jun 17, 2022 | Jul 1, 2022 | Jun 9, 2022 | $0.225 | normal |
| Mar 9, 2022 | Apr 1, 2022 | Feb 18, 2022 | $0.2 | normal |
| Dec 9, 2021 | Jan 3, 2022 | Nov 19, 2021 | $0.415 | normal |
| Sep 9, 2021 | Oct 1, 2021 | Aug 27, 2021 | $0.415 | normal |
| Jun 9, 2021 | Jul 1, 2021 | May 18, 2021 | $0.415 | normal |
| Mar 9, 2021 | Apr 1, 2021 | Feb 18, 2021 | $0.415 | normal |
| Dec 9, 2020 | Jan 4, 2021 | Nov 20, 2020 | $0.415 | normal |
| Sep 9, 2020 | Oct 1, 2020 | Aug 28, 2020 | $0.415 | normal |
| Jun 9, 2020 | Jul 1, 2020 | May 13, 2020 | $0.415 | normal |
| Mar 9, 2020 | Apr 1, 2020 | Feb 14, 2020 | $0.415 | normal |
| Dec 9, 2019 | Jan 2, 2020 | Nov 22, 2019 | $0.413 | normal |
| Sep 9, 2019 | Oct 1, 2019 | Aug 23, 2019 | $0.413 | normal |
| Jun 7, 2019 | Jul 1, 2019 | May 14, 2019 | $0.413 | normal |
| Mar 7, 2019 | Apr 1, 2019 | Feb 14, 2019 | $0.413 | normal |
| Dec 7, 2018 | Jan 2, 2019 | Nov 16, 2018 | $0.41 | normal |
| Sep 7, 2018 | Oct 1, 2018 | Aug 24, 2018 | $0.41 | normal |
| Jun 7, 2018 | Jul 2, 2018 | May 16, 2018 | $0.41 | normal |
| Mar 8, 2018 | Apr 2, 2018 | Feb 22, 2018 | $0.41 | normal |
| Dec 7, 2017 | Jan 2, 2018 | Nov 17, 2017 | $0.395 | normal |
| Sep 7, 2017 | Oct 2, 2017 | Aug 25, 2017 | $0.395 | normal |
| Jun 7, 2017 | Jul 3, 2017 | May 17, 2017 | $0.395 | normal |
| Mar 8, 2017 | Apr 3, 2017 | Feb 1, 2017 | $0.395 | normal |
| Dec 7, 2016 | Jan 3, 2017 | Nov 18, 2016 | $0.38 | normal |
| Sep 7, 2016 | Oct 3, 2016 | Aug 26, 2016 | $0.38 | normal |
| Jun 8, 2016 | Jul 1, 2016 | May 25, 2016 | $0.38 | normal |
| Mar 8, 2016 | Apr 1, 2016 | Feb 4, 2016 | $0.38 | normal |
| Dec 8, 2015 | Jan 4, 2016 | Nov 20, 2015 | $0.378 | normal |
| Sep 8, 2015 | Oct 1, 2015 | Aug 3, 2015 | $0.378 | normal |
PPL has a payout ratio of 97.8% which is higher than the Utilities sector, the industry and its peers average. If we compare it with the Utilities sector average of 66%, PPL's payout ratio is 48% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| POR Portland General Electric Co | 4.39% | $1.9 | 81.5% |
| DUK Duke Energy CORP | 4.17% | $4.08 | 115.3% |
| FE Firstenergy Corp | 4.17% | $1.6 | 86.5% |
| ETR Entergy Corp | 4.14% | $4.4 | 39.5% |
| EXC Exelon Corp | 3.9% | $1.46 | 62.4% |
| AES Aes Corp | 3.88% | $0.67 | 181.1% |
| SO Southern Co | 3.8% | $2.8 | 76.9% |
| PPL PPL Corp | 3.59% | $0.98 | 97.8% |
| ED Consolidated Edison Inc | 3.5% | $3.26 | 45% |
| NEE Nextera Energy Inc | 2.9% | $1.92 | 52.1% |
Yes, PPL has paid four dividends in the last 12 months. PPL has been paying dividends since 1994.
Currently PPL's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in June 2024.
PPL's last dividend ex-date was on Mar 7, 2024. The dividend amount was $0.258 per share.
On an annual basis PPL pays $0.98 per share.
Currently PPL's dividend yield is 3.58%.
PPL pays four dividends per year.
The dividend payout ratio of PPL is 97.8%.
PPL's dividend yield is in line with the Utilities sector average.