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

RTTNews | 986天前
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 | 992天前
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early losses in mid-market moves on Wednesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 falling below the 8,800 level, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, financial and technology stocks partially offset by gains in iron ore miners and energy stocks.
RTTNews | 5分鐘前
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are mostly lower on Wednesday, following the negative cues from Wall Street overnight, amid rising ambiguity over the outlook for interest rates after US Fed Chair Jerome Powell gave little indication about the future path of interest rates. Renewed trade tensions with the United States and the escalating tensions in Europe and the Middle East are weighing on market sentiment.
RTTNews | 23分鐘前
Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in five straight sessions, shedding more than 35 points or 2.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,270-point plateau and it may take further damage again on Wednesday.
RTTNews | 1小時30分鐘前
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is modestly lower in post-holiday trading on Wednesday, reversing some of the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 45,450 level, with a lack of direction leading to a mixed performance across most sectors.
RTTNews | 1小時55分鐘前
Indonesia Stock Market May Be Stuck In Neutral On Wednesday

Indonesia Stock Market May Be Stuck In Neutral On Wednesday

The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the seven-day winning streak in which it had surged almost 400 points or 5 percent. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,125-point plateau although it's due for profit taking on Wednesday.
RTTNews | 2小時0分鐘前
Lower Open Expected For Hong Kong Stock Market

Lower Open Expected For Hong Kong Stock Market

The Hong Kong stock market has finished lower in two straight sessions, shedding almost 400 points or 1.7 percent along the way. The Hang Seng Index now sits just beneath the 26,160-point plateau and it's tipped open under pressure again on Wednesday.
RTTNews | 2小時15分鐘前