Wednesday Is Your Last Chance To Buy PPL Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
PPL (NYSE:PPL) has announced a quarterly dividend of 24 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on October 02, 2023.
September 04, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
PPL's announcement of a 24 cents per share dividend may attract investors looking for income, potentially driving up the stock price in the short term. However, the stock will trade lower on the ex-dividend date.
Dividend announcements often attract investors looking for income, which can drive up the stock price. However, stocks typically trade lower on the ex-dividend date as the amount of the dividend is subtracted from the stock's price. Therefore, the impact on PPL's stock price in the short term is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100