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.
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.