PPL - By The Numbers: PPL Corporation Dividend Unlikely To Hold After Planned Asset Swap
- PPL Corp. is an old-line regulated utility noted for operational excellence, good service, and stakeholder-friendly management.
- In March, a major strategic repositioning was announced. U.K. assets will be sold, and the company will acquire Rhode Island-based Narragansett Electric.
- As with any deal of this magnitude, there are a lot of moving parts. A big question in the minds of many investors: will the outsized dividend get cut?
- While I believe a cut is likely, it doesn't mean PPL is lost. However, it might get rocky for a while.
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By The Numbers: PPL Corporation Dividend Unlikely To Hold After Planned Asset Swap