PPL Corporation
PPLUtilities · Stock · quarterly payer
Forward Yield
3.42%
Annual Dividend
$1.14
Payout Ratio
66%
5-Yr Growth
-8.0%
Ex-Date
Sep 10, 2026
Frequency
Quarterly
Summary
As of September 2026, PPL Corporation (PPL) yields 3.42% ($1.14 per share annually), with a blended fair-value estimate of $34.93 — +5% upside, so it screens as fairly valued. Dividend safety grade: C (65/100). 3 years of dividend growth.
Is PPL a good dividend stock?
Yes, with caveatsPPL Corporation (PPL) pays a quarterly dividend yielding 3.42% ($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
- 3.42%
- 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
- 0.58
- Market Cap
- $25.1B
- P/E Ratio
- 19.7
- 5-Yr Total Return
- 16%
- 52-Week Range
- $33.17 – $40.11
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
PPL Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+36%
5 Years
+16%
52-Week Range
$33.17 – $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 $34.93 per share, versus a market price of $33.34. That implies the stock is roughly fairly priced.
Fair Value
$34.93
Current Price
$33.34
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 40.0% annual free-cash-flow growth. We model 8.2% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.2% discount rate (CAPM), 8.2% stage-1 growth, 2.5% terminal growth, $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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 10, 2026 | — | $0.2850 | regular |
| Jun 10, 2026 | — | $0.2850 | regular |
| Mar 10, 2026 | — | $0.2850 | regular |
| Dec 10, 2025 | — | $0.2730 | regular |
| Sep 10, 2025 | — | $0.2730 | regular |
| Jun 10, 2025 | — | $0.2730 | regular |
| Mar 10, 2025 | — | $0.2730 | regular |
| Dec 10, 2024 | — | $0.2580 | regular |
| Sep 10, 2024 | — | $0.2580 | regular |
| Jun 10, 2024 | — | $0.2580 | regular |
| Mar 7, 2024 | — | $0.2580 | regular |
| Dec 7, 2023 | — | $0.2400 | regular |
| Sep 7, 2023 | — | $0.2400 | regular |
| Jun 8, 2023 | — | $0.2400 | regular |
Income Calculator
At $1.14 / yr per share
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