The ex-dividend date for PPL (NYSE:PPL) is tomorrow, December 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $29 as of 9:30 a.m., the dividend yield is 5%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for PPL (NYSE: PPL) is tomorrow, December 6, 2012. Owners of shares as of market close today will be eligible for a dividend of 36 cents per share. At a price of $29 as of 9:30 a.m. ET, the dividend yield is 5%. The average volume for PPL has been 3.9 million shares per day over the past 30 days. PPL has a market cap of $16.91 billion and is part of the utilities sector and utilities industry. Shares are down 1.2% year to date as of the close of trading on Tuesday. PPL Corporation, an energy and utility holding company, engages in the generation, transmission, distribution, and sale of electricity to wholesale and retail customers in the United States and the United Kingdom. The company has a P/E ratio of 10.4, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates PPL as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full PPL Ratings Report. See our dividend calendar or top-yielding stocks list. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.