I'm not so sure about funds dumping this stock for an entire year...you seem to be making quite a LARGE assumption. This stock hasn't hit 6% yield ever...and that is counting 2008-2009 history. It ranges in yield each quarter with a floor of 2.31% and a ceiling of 5.80% for the past three years. If this thing hits 5.75%...bet the farm...you won't get burned on this stable sucker. Plus, it just upped its dividend and has growth prospects to boot...it's regulated business has total dividend coverage as well...as mentioned in the conference call. GLTA.
people were using PPL as a place to park money while market went no where. Now that market is moving, there is a move out of the "bank" and into stocks. I'm hoping for further decline so I can lock in an even higher dividend. JMHO