PPL Expects Top-tier 6% To 8% EPS And Dividend Growth Through At Least 2026; Guides FY23 EPS In Line

RTTNews | 756 일 전
PPL Expects Top-tier 6% To 8% EPS And Dividend Growth Through At Least 2026; Guides FY23 EPS In Line

(RTTNews) - PPL Corp. (PPL) announced Wednesday an updated business plan that is expected to generate top-tier 6 to 8 percent earnings and dividend growth through at least 2026 with strong growth opportunities beyond. The company also expects $14.3 billion of capital investments through 2026, a more than 20% increase from prior plan.

PPL said it expects 2023 earnings in the range of $1.50 to $1.65 per share. On average, 11 analysts polled by Thomson Reuters currently expect the company to report earnings of $1.59 per share for the year. Analysts' estimates typically exclude special items.

The company also announced that it expects to increase its next quarterly common stock dividend by 7 percent to $0.24 per share from the current dividend of $0.225 per share, subject to approval by the Board of Directors.

Additionally, PPL announced that utility industry veteran Linda Sullivan has joined its Board of Directors, effective January 10, 2023. She will serve on PPL's Compensation and Finance committees. With Sullivan's appointment, PPL's board comprises 10 directors.

Sullivan spent nearly three decades in the utility industry, serving as executive vice president and chief financial officer of American Water Works Company, Inc., from 2014 to 2019, and more than 20 years in a variety of leadership roles with Edison International.

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PPL Promotes Francis Sullivan To Succeed Gregory Dudkin As COO

PPL Promotes Francis Sullivan To Succeed Gregory Dudkin As COO

PPL Corp. (PPL) announced Thursday it has promoted Francis Sullivan to executive vice president and chief operating officer, effective January 1, 2023. Sullivan succeeds Gregory Dudkin, who is on extended medical leave and not expected to return to PPL. Dudkin will remain executive vice president while on medical leave.
RTTNews | 762 일 전
Bargain Hunting Expected To Boost Thai Stock Market

Bargain Hunting Expected To Boost Thai Stock Market

The Thai stock market has finished lower in six straight sessions, sinking more than 60 points or 4.4 percent along the way. The Stock Exchange of Thailand now sits just above the 1,285-point plateau and it's overdue for support on Thursday.
RTTNews | 5 시간 5 분 전
Indonesia Stock Market Tipped To Rebound On Thursday

Indonesia Stock Market Tipped To Rebound On Thursday

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day losing streak in which it had stumbled more than 180 points or 2.6 percent. The Jakarta Composite Index now sits just above the 7,020-point plateau and it figures to bounce higher again on Thursday.
RTTNews | 5 시간 35 분 전
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,000 mark, with gains in some index heavyweights and technology stocks.
RTTNews | 5 시간 38 분 전
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

Bisected by the long Lunar New Year break, the China stock market has moved lower in two straight sessions, shedding me than 30 points or 1 percent in that span. The Shanghai Composite Index now rests just beneath the 3,230-point plateau although it's likely to cut into those losses on Thursday.
RTTNews | 5 시간 50 분 전
Rebound Anticipated For Hong Kong Stock Market

Rebound Anticipated For Hong Kong Stock Market

The Hong Kong stock market has finished lower in two of three trading days since the end of the three-day winning streak in which it had advanced almost 525 points or 2.6 percent. The Hang Seng Index now rests just beneath the 20,600-point plateau although it's predicted to see renewed support on Thursday.
RTTNews | 5 시간 50 분 전
Australian Market Significantly Higher

Australian Market Significantly Higher

The Australian market is trading significantly higher on Thursday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to a tad near the 8,500 level, with gains in mining and financial stocks partially offset by weakness in energy and technology stocks.
RTTNews | 6 시간 9 분 전
Australia Has A$5.085 Billion Trade Surplus

Australia Has A$5.085 Billion Trade Surplus

Australia posted a seasonally adjusted merchandise trade surplus of A$5.085 billion in December, the Australian Bureau of Statistics said on Thursday.
RTTNews | 6 시간 26 분 전