Key Developments: PPL Corp (PPL.N)

PPL.N on New York Stock Exchange

31.98USD
1 Aug 2013
Price Change (% chg)

$0.21 (+0.66%)
Prev Close
$31.77
Open
$31.94
Day's High
$32.05
Day's Low
$31.57
Volume
1,054,577
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1,428,367
52-wk High
$33.54
52-wk Low
$27.74

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Latest Key Developments (Source: Significant Developments)

PPL Corp Raises Low End Of Prior FY 2013 EPS Guidance To A Range In Line With Analysts' Estimtes
Thursday, 1 Aug 2013 06:59am EDT 

PPL Corp announced that it has increased fiscal 2013 forecast of earnings from ongoing operations to a range of $2.25 to $2.40 per share, with a midpoint of $2.32 per share. The previous forecast range was $2.15 to $2.40 per share from ongoing operations. The 2013 forecast of reported earnings is $2.33 to $2.48 per share, reflecting special items recorded through the second quarter. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.31 for fiscal 2013.  Full Article

Supreme Court Rules Utilities Can Claim U.S. Tax Credit on U.K. Windfall Tax, A Win For PPL Corp.-DJ
Monday, 20 May 2013 11:02am EDT 

Dow Jones reported that the U.S. Supreme Court ruled that utility companies that paid a windfall tax in the United Kingdom can claim a foreign tax credit on their U.S. tax returns. The ruling was a win for PPL Corp, which sought a U.S. credit after U.K. authorities assessed a windfall tax of about $140 million on a utility PPL partially owned. The subsidiary was one of several regional utilities that had been privatized in the U.K. Amid public concern that the government sold the utilities too cheaply, Parliament enacted a one-time windfall tax on the companies in 1997. The U.S. Tax Court in 2010 sided with PPL in its dispute with the Internal Revenue Service, but Philadelphia's Third U.S. Circuit Court of Appeals in 2011 overturned the decision and ruled for the government, finding the windfall tax was not creditable in the U.S. The Supreme Court, in an opinion by Justice Clarence Thomas, reversed the appeals-court decision and sided with the Company.  Full Article

PPL Corp Declares Quarterly Stock Dividend
Wednesday, 15 May 2013 09:19am EDT 

PPL Corp announced that quarterly common stock dividend of $0.3675 per share payable July 1, 2013, to shareholders of record as of June 10, 2013.  Full Article

PPL Corp Revises FY 2013 EPS Guidance
Thursday, 2 May 2013 07:02am EDT 

PPL Corp announced that as a result of the accelerated recognition of common stock related to the equity units and the change in financing plans, the Company's fiscal 2013 earnings per share (EPS) forecasts have been adjusted downward by $0.10 per share. The revised forecast of ongoing earnings is a range of $2.15 to $2.40 per share, with a midpoint of $2.27. The forecast of reported earnings is now $2.09 to $2.34 per share, reflecting special items recorded through the first quarter. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.40 for fiscal 2013.  Full Article

PPL Corp Announces Quarterly Common Stock Dividend
Thursday, 14 Feb 2013 07:15am EST 

PPL Corp announced increase in the quarterly common stock dividend to $0.3675 per share is payable April 1, 2013, to share owners of record as of March 8, 2013.  Full Article

PPL Corp Issues FY 2013 EPS Guidance In Line With Analysts' Estimates
Thursday, 14 Feb 2013 07:15am EST 

PPL Corp announced that for fiscal 2013, it expects earnings per share to be the range of $2.25 to $2.50. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.42 for fiscal 2013.  Full Article

PPL Corp Declares Quarterly Common Stock Dividend
Friday, 16 Nov 2012 11:00am EST 

PPL Corp announced that it has declared a quarterly common stock dividend of $0.36 per share payable January 2, 2013, to shareholders of record as of December 10, 2012.  Full Article

PPL Corp Raises FY 2012 EPS Guidance
Thursday, 8 Nov 2012 07:01am EST 

PPL Corp announced that for fiscal 2012, it forecasts range to be $2.30 to $2.40 per share in earnings from ongoing operations. The previous forecast range was $2.15 to $2.45 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.35 for fiscal 2012.  Full Article

PPL Corp Reaffirms FY 2012 EPS Guidance
Friday, 5 Oct 2012 08:15am EDT 

PPL Corp reaffirmed its fiscal 2012 forecast of $2.15 to $2.45 per share in earnings from ongoing operations. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $2.34 for fiscal 2012.  Full Article

PPL Corp To Pay Quarterly Stock Dividend
Friday, 24 Aug 2012 11:51am EDT 

PPL Corp announced that it has declared a quarterly common stock dividend of $0.36 per share payable October 1, 2012, to shareowners of record as of September 10.  Full Article

UPDATE 2-U.S. justices rule for PPL Corp in overseas tax case

WASHINGTON, May 20 - The U.S. Supreme Court on Monday ruled for utility PPL Corp in its dispute with the U.S. Internal Revenue Service over credits the company claimed to offset overseas tax payments.

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