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What’s Expected for PPL’s Dividends Going into 2019

Vincent Kruger
What’s Expected for PPL’s Dividends Going into 2019

PPL (PPL) expects fair annual earnings growth for the next few years, of ~5%–6%, which could facilitate dividend growth. Its expected dividend growth of 4% aligns with peers’ average. PPL’s earnings and dividend growth estimate looks achievable, considering its ~7% expected rate base growth through 2020. PPL generates more than 60% of its revenue from the United Kingdom, and customer and regulatory diversification bodes well for its earnings.