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Data last updated: Oct 12, 2026
Snapshot (as of Oct 12, 2026): PPL Corporation (PPL) pays a $1.12 annual dividend ($0.28 quarterly), yielding 3.33% at $34.25/share. Next ex-dividend date 2026-09-10. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.33%
Annual Dividend: $1.12 per share
Payout Ratio: 66.0%
Ex-Dividend Date: 2026-09-10
Dividend Frequency: quarterly
Sector: Utilities
Years of Dividend History: 43
PPL Corporation dividend income comes from a century-old utility serving roughly 3.6 million electricity and natural gas customers across Pennsylvania, Kentucky, and Rhode Island. The current yield is 3.55%, paid quarterly, with a trailing annual rate of $1.6330 per share and the next ex-dividend date on September 10, 2026. PPL operates entirely in regulated markets, which means revenue is tied to rate structures set by regulators rather than commodity swings. A beta of 0.583 reflects below-average price volatility, which suits income-focused investors who prioritize steadiness over growth.
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 business: electricity and natural gas delivery to 3.6 million customers generates demand that does not disappear in economic downturns. PPL Corporation dividend safety, however, faces one clear pressure point: the dividend per share in 2025 ($1.0900) sits well below the pre-2022 level of $1.6500, meaning the company has not yet restored its payout to prior highs, and further increases depend on earnings growth across its three regulated segments.
PPL Corporation dividend history shows a CAGR of -1.7% per year from 2010 to 2025. Per-share payments moved from $1.4000 to $1.0900 over that window (with 2026 a partial year and not included in the CAGR). The largest annual increase in the window was 7.3% in 2024, which shows PPL can accelerate growth in favorable conditions. Growth is slow overall, and the negative long-run CAGR reflects a meaningful dividend reduction that occurred within the window.
| 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 | -3.0% | $1.47 (2015) | $1.09 (2025) |
PPL Corporation stock fits income-focused investors who want exposure to a regulated utility with below-average price volatility. The yield of 3.55% is moderate (2-4%), sitting above the 5-year average of 3.3%, which means buyers today are getting a slightly better entry yield than the historical norm. The trade-off is real: the dividend per share has not recovered to its pre-2022 level, and the 64.6% payout ratio leaves limited room for aggressive increases. Three consecutive years of increases show momentum is rebuilding, but the long-run CAGR of -1.7% is a reminder that growth has not been the defining feature of PPL's dividend.
| 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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