Utility PPL raises quarterly dividend to 22.50 cents a share from 20 cents previously

PPL Corp. said Thursday it’s raising its quarterly dividend to 22.50 cents a share from 20 cents a share previously, in a statement released ahead of a virtual investor day. The new dividend is payable July 1 to shareholders of record as of June 21. Shares were down 0.2% premarket but are up 0.5% in the year to date, while the S&P 500 has fallen 13.7%.

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