PPL (PPL) Dividend History & Yield
PPL (PPL) has increased its dividend for 4 consecutive years and currently yields 3.11%. The most recent dividend was $0.2850/share on Apr 1, 2026, paid Quarterly.
PPL
Current Yield
3.11%
TTM Dividend/Share
$1.10
Payment Frequency
Quarterly
Payout Ratio
67.2%
Consecutive Growth Years
4
Div Growth (1Y CAGR)
5.83%
Div Growth (5Y CAGR)
-8.07%
Div Growth (10Y CAGR)
-2.98%
PPL: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
-5.0%
FCF payout ratio
186.3%
Net debt / EBITDA
5.0x
Interest coverage
2.61x
ROIC (TTM)
5.6%
Dividend Safety Score
3 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 67.2%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($-1.89) does not fully cover dividend/share ($1.10).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 4 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 186.3%, above the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 5.0x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (-8.1%) ≤ EPS growth (95.8%) — sustainable.
Per-payment dividend history
Ex-date Jun 10, 2026
- Payment date
- Jul 1, 2026
- Dividend
- $0.2850
- Adj. dividend
- $0.2850
Ex-date Mar 10, 2026
- Payment date
- Apr 1, 2026
- Dividend
- $0.2850
- Adj. dividend
- $0.2850
Ex-date Dec 10, 2025
- Payment date
- Jan 2, 2026
- Dividend
- $0.2725
- Adj. dividend
- $0.2725
Ex-date Sep 10, 2025
- Payment date
- Oct 1, 2025
- Dividend
- $0.2725
- Adj. dividend
- $0.2725
Ex-date Jun 10, 2025
- Payment date
- Jul 1, 2025
- Dividend
- $0.2725
- Adj. dividend
- $0.2725
Ex-date Mar 10, 2025
- Payment date
- Apr 1, 2025
- Dividend
- $0.2725
- Adj. dividend
- $0.2725
Ex-date Dec 10, 2024
- Payment date
- Jan 2, 2025
- Dividend
- $0.2575
- Adj. dividend
- $0.2575
Ex-date Sep 10, 2024
- Payment date
- Oct 1, 2024
- Dividend
- $0.2575
- Adj. dividend
- $0.2575
Ex-date Jun 10, 2024
- Payment date
- Jul 1, 2024
- Dividend
- $0.2575
- Adj. dividend
- $0.2575
Ex-date Mar 7, 2024
- Payment date
- Apr 1, 2024
- Dividend
- $0.2575
- Adj. dividend
- $0.2575
Ex-date Dec 7, 2023
- Payment date
- Jan 2, 2024
- Dividend
- $0.2400
- Adj. dividend
- $0.2400
Ex-date Sep 7, 2023
- Payment date
- Oct 2, 2023
- Dividend
- $0.2400
- Adj. dividend
- $0.2400
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 10, 2026 | Jul 1, 2026 | $0.2850 | $0.2850 |
| Mar 10, 2026 | Apr 1, 2026 | $0.2850 | $0.2850 |
| Dec 10, 2025 | Jan 2, 2026 | $0.2725 | $0.2725 |
| Sep 10, 2025 | Oct 1, 2025 | $0.2725 | $0.2725 |
| Jun 10, 2025 | Jul 1, 2025 | $0.2725 | $0.2725 |
| Mar 10, 2025 | Apr 1, 2025 | $0.2725 | $0.2725 |
| Dec 10, 2024 | Jan 2, 2025 | $0.2575 | $0.2575 |
| Sep 10, 2024 | Oct 1, 2024 | $0.2575 | $0.2575 |
| Jun 10, 2024 | Jul 1, 2024 | $0.2575 | $0.2575 |
| Mar 7, 2024 | Apr 1, 2024 | $0.2575 | $0.2575 |
| Dec 7, 2023 | Jan 2, 2024 | $0.2400 | $0.2400 |
| Sep 7, 2023 | Oct 2, 2023 | $0.2400 | $0.2400 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
PPL has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 4 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $1.0900 | — | — |
| 2025 | $1.0300 | $1.0900 | +5.8% |
| 2024 | $0.9600 | $1.0300 | +7.3% |
| 2023 | $0.8750 | $0.9600 | +9.7% |
| 2022 | $1.6600 | $0.8750 | -47.3% |
| 2021 | $1.6600 | $1.6600 | 0.0% |
| 2020 | $1.6500 | $1.6600 | +0.6% |
| 2019 | $1.6400 | $1.6500 | +0.6% |
| 2018 | $1.5800 | $1.6400 | +3.8% |
| 2017 | $1.5200 | $1.5800 | +3.9% |
| 2016 | $1.4749 | $1.5200 | +3.1% |
| 2015 | $1.3896 | $1.4749 | +6.1% |
| 2014 | $1.3692 | $1.3896 | +1.5% |
| 2013 | $1.3412 | $1.3692 | +2.1% |
| 2012 | $1.3040 | $1.3412 | +2.9% |
| 2011 | $1.3040 | $1.3040 | 0.0% |
| 2010 | $1.2853 | $1.3040 | +1.5% |
| 2009 | $1.2481 | $1.2853 | +3.0% |
| 2008 | $1.1363 | $1.2481 | +9.8% |
| 2007 | $1.0246 | $1.1363 | +10.9% |
| 2006 | $1.1270 | $1.0246 | -9.1% |
| 2005 | $0.7638 | $1.1270 | +47.6% |
| 2004 | $0.7172 | $0.7638 | +6.5% |
| 2003 | $0.6706 | $0.7172 | +6.9% |
| 2002 | $0.4936 | $0.6706 | +35.8% |
| 2001 | $0.4936 | $0.4936 | 0.0% |
| 2000 | $0.4657 | $0.4936 | +6.0% |
| 1999 | $1.3356 | $0.4657 | -65.1% |
| 1998 | $0.7786 | $1.3356 | +71.5% |
| 1997 | $0.7786 | $0.7786 | 0.0% |
| 1996 | $0.7786 | $0.7786 | 0.0% |
| 1995 | $0.7782 | $0.7786 | +0.1% |
| 1994 | $0.7675 | $0.7782 | +1.4% |
| 1993 | $0.7451 | $0.7675 | +3.0% |
| 1992 | $0.7218 | $0.7451 | +3.2% |
| 1991 | $0.6939 | $0.7218 | +4.0% |
| 1990 | $0.6660 | $0.6939 | +4.2% |
| 1989 | $0.6545 | $0.6660 | +1.7% |
| 1988 | $0.6470 | $0.6545 | +1.2% |
| 1987 | $0.4605 | $0.6470 | +40.5% |
| 1986 | $1.0871 | $0.4605 | -57.6% |
| 1985 | — | $1.0871 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for PPL (PPL) from the consolidated cash flow statement, in USD as filed.
Latest period
$806.00M
YoY change
+6.3%
5Y CAGR
-9.0%
Peak year (2021)
$1.28B
Latest annual
$794.00M
Cash dividends paid over time for PPL (PPL)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for PPL (PPL)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $794.00M | +6.3% | +$47.00M | ||
| 2024 | $747.00M | +6.1% | +$43.00M | ||
| 2023 | $704.00M | -10.5% | -$83.00M | ||
| 2022 | $787.00M | -38.5% | -$492.00M | ||
| 2021 | $1.28B | +0.3% | +$4.00M | ||
| 2020 | $1.27B | +7.0% | +$83.00M | ||
| 2019 | $1.19B | +5.2% | +$59.00M | ||
| 2018 | $1.13B | +5.7% | +$61.00M | ||
| 2017 | $1.07B | +4.1% | +$42.00M | ||
| 2016 | $1.03B | +2.6% | +$26.00M | ||
| 2015 | $1.00B | +3.8% | +$37.00M | ||
| 2014 | $967.00M | +10.1% | +$89.00M | ||
| 2013 | $878.00M | +5.4% | +$45.00M | ||
| 2012 | $833.00M | +11.7% | +$87.00M | ||
| 2011 | $746.00M | +31.8% | +$180.00M | ||
| 2010 | $566.00M | +9.5% | +$49.00M | ||
| 2009 | $517.00M | +5.3% | +$26.00M | ||
| 2008 | $491.00M | +7.0% | +$32.00M | ||
| 2007 | $459.00M | +12.2% | +$50.00M | ||
| 2006 | $409.00M | +17.9% | +$62.00M | ||
| 2005 | $347.00M | +16.8% | +$50.00M | ||
| 2004 | $297.00M | +3.5% | +$10.00M | ||
| 2003 | $287.00M | +10.0% | +$26.00M | ||
| 2002 | $261.00M | +29.9% | +$60.00M | ||
| 2001 | $201.00M | +13.6% | +$24.00M | ||
| 2000 | $177.00M | -1.7% | -$3.00M | ||
| 1999 | $180.00M | -35.3% | -$98.00M | ||
| 1998 | $278.00M | -6.7% | -$20.00M | ||
| 1997 | $298.00M | +0.7% | +$2.00M | ||
| 1996 | $296.00M | +2.2% | +$6.30M | ||
| 1995 | $289.70M | — | — |
In 2025, PPL (PPL) dividends paid totalled $794.00M – grew 6.3% year-over-year.
Across 2020–2025 (5 years), PPL dividends paid produced a CAGR of -9.0% – sustaining 2 straight years of year-over-year growth.
PPL dividends paid peaked at $1.28B in 2021; the latest annual figure is $794.00M in 2025 (37.9% below peak).
Across the available history, dividends paid reached its high of $1.28B in 2021 and its low of $177.00M in 2000.
Within Utilities, PPL (PPL) ranks 7th among 8 peers we track. The peer median for dividends paid is $2.14B.
PPL Dividends Paid 2025: $794.00M
PPL dividends paid in 2025 was $794.00M, grew 6.3% from 2024.
PPL Dividends Paid 2024: $747.00M
PPL dividends paid in 2024 was $747.00M, grew 6.1% from 2023.
PPL Dividends Paid 2023: $704.00M
PPL dividends paid in 2023 was $704.00M, declined 10.5% below 2022.
PPL Dividends Paid 2022: $787.00M
PPL dividends paid in 2022 was $787.00M, plunged 38.5% below 2021.
PPL Dividends Paid 2021: $1.28B
PPL dividends paid in 2021 was $1.28B.
See more financial history for PPL (PPL).
Sector peers by dividends paid
Companies in the same sector as PPL, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| NextEra Energy (NEE) | $4.68B | Utilities |
| Duke Energy (DUK) | $3.30B | Utilities |
| Southern Company (SO) | $3.02B | Utilities |
| Dominion Energy (D) | $2.28B | Utilities |
| American Electric Power Company (AEP) | $2.01B | Utilities |
| Sempra (SRE) | $1.60B | Utilities |
| Constellation Energy (CEG) | $486.00M | Utilities |
| GE Vernova (GEV) | $275.00M | Utilities |
Frequently asked questions
Does PPL pay dividends?
Yes, PPL (PPL) pays quarterly dividends of approximately $1.10 per share annually, yielding 3.11%.
What is PPL's dividend yield?
PPL (PPL) has a current dividend yield of 3.11%.
Is PPL's dividend safe?
PPL (PPL) passes 3 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has PPL increased its dividend?
PPL (PPL) has 4 consecutive years of dividend increases.
What is PPL's dividend payout ratio?
PPL (PPL) has a dividend payout ratio of 67.2%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is PPL's dividends paid?
Latest reported dividends paid for PPL (PPL) is $806.00M (period ending March 31, 2026).
How has PPL dividends paid changed year-over-year?
PPL (PPL) dividends paid changed +6.3% year-over-year on the latest annual filing.
What is the long-term growth rate of PPL dividends paid?
PPL (PPL) dividends paid compound annual growth rate is -9.0% over the most recent 5 years available.
When did PPL dividends paid hit its highest annual value?
PPL dividends paid reached its highest annual value of $1.28B in 2021.
What was PPL dividends paid in 2024?
PPL (PPL) dividends paid in 2024 was $747.00M.
What was PPL dividends paid in 2025?
PPL (PPL) dividends paid in 2025 was $794.00M.
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