PPL to Pay Quarterly Stock Dividends Oct. 1

Published on Friday, 27 August 2010 11:18 Written by TradersHuddle Staff

ALLENTOWN, Pa., Aug. 27 /PRNewswire-FirstCall/ -- PPL Corporation (NYSE: PPL) on Friday (8/27) declared a quarterly common stock dividend of $0.35 per share, payable Oct. 1, 2010, to shareowners of record as of Sept. 10, 2010. This is the company's 259th consecutive quarterly dividend.

PPL Electric Utilities Corporation, a PPL subsidiary, on Friday also declared the following quarterly dividend on its preference stock, payable Oct. 1, 2010, to shareowners of record as of Sept. 10, 2010.

Each depositary share represents a 1/4 interest in a share of the preference stock. Accordingly, holders of record of the depositary shares will receive a dividend equal to 1/4 of the dividend paid on the preference stock.

PPL Corporation, headquartered in Allentown, Pa., owns or controls nearly 12,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to about 4 million customers in Pennsylvania and the United Kingdom. More information is available at www.pplweb.com.

SOURCE PPL Corporation