PPL Corporation (PPL) will raise its quarterly dividend by 1.3 percent to $0.3775 per share in 2015. Last year the utility company hiked its quarterly dividend by 1.4 percent.
PPL Corporation is utility holding company. PPL Electric was founded in 1920 as Pennsylvania Power & Light Company. PPL, through its regulated utility subsidiaries, delivers electricity to customers in the U.K., Pennsylvania, Kentucky and Virginia; delivers natural gas to customers in Kentucky; and generates electricity from power plants in Kentucky. PPL Corporation, headquartered in Allentown, Pennsylvania, was incorporated in 1994 and has paid a dividend in every quarter since 1946.