PPL Dividend
PPL Corporation · Utilities · Utilities - Regulated Electric · quarterly payer
As of Nov 5, 2026, PPL pays a quarterly dividend of $0.2850 per share, or $1.14 a year, a 3.19% yield at its $35.68 share price. It pays every quarter, usually in January, April, July and October. It has raised its dividend 3 years in a row and has a dividend safety grade of C.
Forward Yield
3.19%
Annual Dividend
$1.14
Payout Ratio
66%
5-Yr Growth
-8.0%
Ex-Date
Sep 10, 2026
Frequency
Quarterly
Key facts about PPL's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, PPL Corporation (PPL) has a forward dividend yield of 3.19%, based on an annual dividend of $1.14 per share and a share price of $35.68.
- As of Nov 5, 2026, PPL's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
- By SmarterDividends' count, PPL Corporation (PPL) has raised its dividend for 3 consecutive years as of Nov 5, 2026.
- PPL last cut its regular dividend in 2022.
- PPL's most recent ex-dividend date was Sep 10, 2026, for a dividend of $0.29 per share.
- As of Nov 5, 2026, PPL pays out 66% of its trailing 12-month earnings as dividends (its payout ratio).
- PPL's dividend has shrunk at an average rate of 8.0% a year over the past five years.
- As of Nov 5, 2026, PPL's 3.19% yield is 16% below its five-year average yield of 3.81%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for PPL is $33.93 per share, 5% below the $35.68 share price, so PPL screens as fairly valued.
- PPL Corporation (PPL) pays its dividend quarterly, 4 times a year.
- PPL Corporation (PPL) has raised its regular dividend 36 times and cut it 2 times across the 161 payments on record since 1985. Its most recent change was a 4.4% increase to $0.285 per share, going ex-dividend on Mar 10, 2026. The last cut went ex-dividend on Mar 9, 2022.
- PPL (PPL) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 4.4%, was declared on Feb 20, 2026.
Cite this page
SmarterDividends, "PPL Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/PPL
Is PPL a good dividend stock?
Yes, with caveatsPPL Corporation (PPL) pays a quarterly dividend yielding 3.19% ($1.14/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2022
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 3.19%
- Payout Ratio
- 66%
- Annual Dividend
- $1.14
- 5-Yr Avg Growth
- -8.0%
- Ex-Dividend Date
- Sep 10, 2026
- Years of Growth
- 3
- Frequency
- quarterly
- Beta
- 0.56
- Market Cap
- $26.8B
- P/E Ratio
- 21.1
- 5-Yr Total Return
- 28%
- 52-Week Range
- $31.56 – $40.11
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2022)
PPL dividend raises and cuts
PPL Corporation (PPL) has raised its regular dividend 36 times and cut it 2 times across the 161 payments on record since 1985. Its most recent change was a 4.4% increase to $0.285 per share, going ex-dividend on Mar 10, 2026. The last cut went ex-dividend on Mar 9, 2022.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 10, 2026 | Raise | $0.273 → $0.285 | +4.4% |
| Mar 10, 2025 | Raise | $0.258 → $0.273 | +5.8% |
| Mar 7, 2024 | Raise | $0.240 → $0.258 | +7.5% |
| Mar 9, 2023 | Raise | $0.225 → $0.240 | +6.7% |
| Jun 17, 2022 | Raise | $0.200 → $0.225 | +12.5% |
| Mar 9, 2022 | Cut | $0.415 → $0.200 | −51.8% |
| Mar 9, 2020 | Raise | $0.413 → $0.415 | +0.5% |
| Mar 7, 2019 | Raise | $0.410 → $0.413 | +0.7% |
| Mar 8, 2018 | Raise | $0.395 → $0.410 | +3.8% |
| Mar 8, 2017 | Raise | $0.380 → $0.395 | +3.9% |
| Mar 8, 2016 | Raise | $0.378 → $0.380 | +0.5% |
| Sep 8, 2015 | Raise | $0.373 → $0.378 | +1.3% |
Show all 38 changes since 1987
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 8, 2015 | Raise | $0.347 → $0.373 | +7.4% |
| Mar 6, 2014 | Raise | $0.343 → $0.347 | +1.4% |
| Sep 6, 2013 | Raise | $0.342 → $0.343 | +0.3% |
| Mar 6, 2013 | Raise | $0.335 → $0.342 | +1.9% |
| Mar 7, 2012 | Raise | $0.326 → $0.335 | +2.9% |
| Mar 8, 2010 | Raise | $0.321 → $0.326 | +1.4% |
| Mar 6, 2009 | Raise | $0.312 → $0.321 | +3.0% |
| Mar 6, 2008 | Raise | $0.284 → $0.312 | +9.8% |
| Mar 7, 2007 | Raise | $0.256 → $0.284 | +10.9% |
| Mar 8, 2006 | Raise | $0.233 → $0.256 | +10.0% |
| Dec 7, 2005 | Raise | $0.214 → $0.233 | +8.7% |
| Mar 8, 2005 | Raise | $0.191 → $0.214 | +12.2% |
| Mar 8, 2004 | Raise | $0.179 → $0.191 | +6.5% |
| Mar 6, 2003 | Raise | $0.168 → $0.179 | +6.9% |
| Mar 6, 2002 | Raise | $0.123 → $0.168 | +35.8% |
| Mar 8, 2000 | Raise | $0.116 → $0.123 | +6.0% |
| Mar 8, 1999 | Cut | $0.195 → $0.116 | −40.2% |
| Jun 6, 1994 | Raise | $0.194 → $0.195 | +0.2% |
| Mar 4, 1994 | Raise | $0.192 → $0.194 | +1.2% |
| Mar 4, 1993 | Raise | $0.186 → $0.192 | +3.0% |
| Mar 4, 1992 | Raise | $0.180 → $0.186 | +3.2% |
| Mar 4, 1991 | Raise | $0.173 → $0.180 | +4.0% |
| Mar 5, 1990 | Raise | $0.166 → $0.173 | +4.2% |
| Mar 6, 1989 | Raise | $0.161 → $0.166 | +3.6% |
| Mar 4, 1988 | Raise | $0.156 → $0.161 | +3.0% |
| Sep 3, 1987 | Raise | $0.149 → $0.156 | +4.7% |
Frequently Asked Questions
Is PPL a good dividend stock?
Yes, with caveats. PPL Corporation (PPL) pays a quarterly dividend yielding 3.19% ($1.14/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Is PPL undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PPL's fair value is about $33.93 versus a $35.68 share price — so it looks fairly valued (-5% vs. fair value).
Is PPL's dividend safe?
PPL has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2022, debt and yield-versus-history.
What is PPL's fair value?
Our blended fair-value estimate for PPL is about $33.93 per share, about 5% below the current $35.68 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is PPL a buy, hold, or sell?
We don't issue formal ratings, but on the data PPL screens as "yes, with caveats" and fairly valued. PPL Corporation (PPL) pays a quarterly dividend yielding 3.19% ($1.14/yr), with 3 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will PPL cut its dividend?
PPL earns a dividend-safety grade of C (65/100), and has cut its dividend before (last in 2022). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does PPL pay a dividend?
Yes. PPL Corporation pays a quarterly dividend of about $1.14 per share annually, a forward yield of roughly 3.19%.
How much dividend does 100 shares of PPL pay?
At $1.14 per share a year, 100 shares of PPL pay $114.00 a year in dividends before tax, about $28.50 each quarter. Buying them costs about $3,567 at the Nov 5, 2026 price.
What is PPL's dividend yield?
As of Nov 5, 2026, PPL's forward dividend yield is 3.19%, based on a $1.14 annual dividend and a $35.68 share price.
What is PPL's dividend per share?
As of Nov 5, 2026, PPL pays $1.14 per share per year, distributed on a quarterly basis.
What is PPL's dividend payout ratio?
As of Nov 5, 2026, PPL's payout ratio is 66% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has PPL grown its dividend?
As of Nov 5, 2026, PPL has increased its dividend for 3 consecutive years.
When is the next PPL ex-dividend date?
As of Nov 5, 2026, PPL's next ex-dividend date hasn't been announced. The most recent was Sep 10, 2026, for $0.29 per share.
PPL Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
+36%
5 Years
+28%
52-Week Range
$31.56 – $40.11
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PPL worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for PPL Corporation is $33.93 per share, versus a market price of $35.68. That implies the stock is roughly fairly priced.
Fair Value
$33.93
Current Price
$35.68
Gap
-5%
Margin of Safety
-5%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 37.1% annual free-cash-flow growth. We model 8.3% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 8.3% growth for five years fading to 2.5% over the next five, $1.69 EPS, $1.14 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PPL Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full PPL dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 10, 2026 | Oct 1, 2026 | $0.2850 | regular |
| Jun 10, 2026 | Jul 1, 2026 | $0.2850 | regular |
| Mar 10, 2026 | Apr 1, 2026 | $0.2850 | regular |
| Dec 10, 2025 | Jan 2, 2026 | $0.2730 | regular |
| Sep 10, 2025 | Oct 1, 2025 | $0.2730 | regular |
| Jun 10, 2025 | Jul 1, 2025 | $0.2730 | regular |
| Mar 10, 2025 | Apr 1, 2025 | $0.2730 | regular |
| Dec 10, 2024 | Jan 2, 2025 | $0.2580 | regular |
| Sep 10, 2024 | Oct 1, 2024 | $0.2580 | regular |
| Jun 10, 2024 | Jul 1, 2024 | $0.2580 | regular |
| Mar 7, 2024 | Apr 1, 2024 | $0.2580 | regular |
| Dec 7, 2023 | Jan 2, 2024 | $0.2400 | regular |
| Sep 7, 2023 | Oct 2, 2023 | $0.2400 | regular |
| Jun 8, 2023 | Jul 3, 2023 | $0.2400 | regular |
Income Calculator
At $1.14 / yr per share
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