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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): PPL Corporation (PPL) pays a $1.63 annual dividend ($0.41 quarterly), yielding 3.54% at $34.20/share. Next ex-dividend date 2026-09-10. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.54%
Annual Dividend: $1.63 per share
Payout Ratio: 64.6%
Ex-Dividend Date: 2026-09-10
Dividend Frequency: quarterly
Sector: Utilities
Years of Dividend History: 43
PPL Corporation provides electricity and natural gas to roughly 3.6 million customers across Pennsylvania, Kentucky, and Rhode Island. The PPL Corporation dividend currently yields 3.54%, with a trailing annual rate of $1.6330 per share paid quarterly. The next ex-dividend date is September 10, 2026, with the most recent quarterly payment at $0.2850 per share. A beta of 0.589 makes PPL stock a lower-volatility option, which tends to appeal to income-focused investors who prioritize steadiness over price swings.
PPL Corporation pays out 64.6% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by the regulated nature of PPL's operations: electricity and natural gas delivery to 3.6 million customers across three states generates demand that does not fluctuate sharply with economic conditions. PPL Corporation dividend safety faces its main pressure from that same elevated payout, which leaves limited room to absorb earnings shortfalls without affecting the dividend.
PPL Corporation dividend history shows a CAGR of -1.7% per year from 2010 to 2025. Per-share payments moved from $1.4000 in 2012 to $1.0900 in 2025 (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 7.3% in 2024, though the history also contains at least one year-over-year decline exceeding 5%, which pulls the long-run average negative.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +7.6% | $0.88 (2022) | $1.09 (2025) |
| 5-Year | -8.1% | $1.66 (2020) | $1.09 (2025) |
| 10-Year | -3.1% | $1.50 (2015) | $1.09 (2025) |
PPL Corporation suits income-focused investors who want exposure to regulated utility operations across three states and can accept a dividend that has declined in real terms over the past decade. The current yield of 3.54% sits above PPL's own 5-year average of 3.28%, so buyers today are getting a yield that is above recent norms. The trade-off is clear: the moderate (2–4%) yield comes with a negative long-run growth rate of -1.7% per year, meaning purchasing power from the dividend erodes over time. The 64.6% payout ratio leaves some coverage, but not much cushion. Three consecutive years of increases show recent momentum, though the longer history tempers expectations.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-10 | $0.2850 |
| 2026-06-10 | $0.2850 |
| 2026-03-10 | $0.2850 |
| 2025-12-10 | $0.2725 |
| 2025-09-10 | $0.2725 |
| 2025-06-10 | $0.2725 |
| 2025-03-10 | $0.2725 |
| 2024-12-10 | $0.2575 |
| 2024-09-10 | $0.2575 |
| 2024-06-10 | $0.2575 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.8550 |
| 2025 | $1.0900 |
| 2024 | $1.0300 |
| 2023 | $0.9600 |
| 2022 | $0.8750 |
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