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.
| Preference Stock |
| 6.25% Series |
$1.5625 ($0.390625 per depositary share) |
Each depositary share represents a ¼ interest in a share of the preference stock. Accordingly, holders of record of the depositary shares will receive a dividend equal to ¼ 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.