PPL (NYSE:PPL) is keeping true to its conservative nature by maintaining its shareholder payout. The company has declared a fresh quarterly dividend of $0.3675 per share of its common stock, to be handed out on July 1 to shareholders of record as of June 10.That amount matches the company's previous distribution, which was paid in early April. Before that, PPL dispensed $0.36 per share.
In the press release announcing the move, the company pointed out that it marks its 270th consecutive quarterly distribution.
The just-announced dividend annualizes to $1.47 per share. That yields 4.6% at PPL's most recent closing stock price of $32.01.
Fool contributor Eric Volkman has no position in PPL. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.