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

RTTNews | 1076 hari yang lalu
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 | 1082 hari yang lalu
Hong Kong Stock Market Tipped To Open In The Green

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | 2j 1min yang lalu
Japanese Market Slightly Higher

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, 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 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.
RTTNews | 2j 6min yang lalu
Win Streak May Continue For China Stock Market

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | 2j 16min yang lalu
Australian Market Modestly Higher

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.
RTTNews | 2j 25min yang lalu
Higher Open Called For Taiwan Stock Market

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.
RTTNews | 2j 46min yang lalu
Singapore Bourse May Extend Monday's Gains

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.
RTTNews | 3j 16min yang lalu