PPL Keeps Dividend Steady

PPL (NYSE: PPL  ) isn't shifting from its current dividend policy. The company has declared its latest quarterly common stock distribution, which is to be $0.3675 per share paid on Oct. 1 to shareholders of record as of Sept. 10.  That amount matches both of the company's previous two disbursements, the most recent of which was paid at the beginning of July. Before that, PPL paid an even $0.36 per share.

In the press release announcing the news, the company didn't hesitate to mention that the upcoming distribution will be its 271st consecutive quarterly payout.

It annualizes to $1.47 per share, yielding 4.8% at PPL's most recent closing stock price of $30.88.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2608238, ~/Articles/ArticleHandler.aspx, 9/2/2014 12:43:06 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement