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PPL - PPL Corp: Don't Fret (Too Much) Over The Dividend Cut
PPL Corporation
PPL Corp management slashed the dividend by 52 percent. Some investors were agitated.
However, after stepping back and reviewing the situation, I believe management acted prudently. The dust hasn't settled. One cannot pay dividends on a prospective purchase or unrealized expense savings.
Patient PPL investors may find the end game isn't unacceptable.