PPL Corporation (PPL) will raise its quarterly dividend by 0.7 percent to $0.38 per share in 2016. This follows a 1.3 percent dividend hike by the utility company in the previous year.
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.