PPL Corp (PPL)

PPL Corp Stock (PPL) dropped by 4.29% from $23.56 to $22.55 in the trading on Monday October 02, 2023. The reasons why PPL stock down today include:

• Rising Treasury Yields: The decline of PPL stock is attributed to continued selling in U.S. Treasurys, which is driving yields on the 10-year and 30-year bonds to fresh highs for the year. As a result, income-oriented investors are turning away from utilities and seeking alternative options.
• Stock Dividend: PPL Corporation declared a quarterly common stock dividend on Friday, August 25, of $0.24 per share, payable October 2, 2023.

PPL Corp Stock (PPL) dropped by 3.44% from $28.81 to $27.82 in the trading on Tuesday February 21, 2023. The reasons why PPL stock down today include:

• Mixed quarterly report: PPL Corporation reported Non-GAAP EPS of $0.28, missing the consensus by $0.01; revenue of $2.29B, beating the consensus by $670M. The mixed results have concerned the investors, causing PPL stock down today.
• Notes offering: PPL Corp announced to offer $900M senior notes due 2028. Initial purchasers have an option to purchase within a 13-day period up to an additional $100M notes. The notes will mature on March 15, 2028. The notes will be exchangeable for cash or a combination of cash and shares of common stock, at PPL Capital Funding's election. PPL Capital Funding intends to use the net proceeds from the offering to repay short-term debt and for general corporate purposes.