PPL Extends 6% To 8% Annual EPS And Dividend Growth Targets Through At Least 2027
Portfolio Pulse from Benzinga Newsdesk
PPL Corporation has updated its financial targets, extending its 6% to 8% annual EPS and dividend growth targets through at least 2027. The company plans to increase its infrastructure investments to $14.3 billion from 2024 to 2027, up from the previous plan of $11.9 billion from 2023 to 2026. This increased investment is expected to result in a 6.3% average annual rate base growth through 2027, an improvement from the 5.6% growth rate projected in the prior plan.
February 16, 2024 | 1:08 pm
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PPL Corporation has raised its annual EPS and dividend growth targets to 6%-8% through at least 2027 and increased its infrastructure investments to $14.3 billion for 2024-2027.
The increase in infrastructure investments and the extension of growth targets are positive indicators of PPL Corporation's financial health and growth prospects. These moves are likely to instill confidence in investors, potentially leading to a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100