PPL Corporation

PPL Corporation is a regulated utility holding company delivering electricity and natural gas to customers in Pennsylvania, Kentucky and Rhode Island. After selling its UK operations and reinvesting in domestic networks, it has become a more focused US utility with earnings anchored in predictable, rate-regulated infrastructure. PPL has a long history of paying dividends, though it reset the payout lower following its strategic overhaul and now aims to grow it steadily from that rebased level. The yield is around the utility average and supported by regulated cash flows, but the recent reduction tempers its record of unbroken increases. Its middling score reflects a dependable but reset income profile, suited to conservative investors comfortable with modest, regulated growth.