13 Best March Dividend Stocks to Buy

11. PPL Corporation (NYSE:PPL)

Ex-Dividend Date: March 10

On February 24, Barclays upgraded PPL Corporation (NYSE:PPL) to Overweight from Equal Weight. The firm also raised its price target to $40 from $37. The analyst said the company is well-positioned for a “constructive” outcome in its Pennsylvania rate case. He also noted that PPL offers “increasingly visible” above-average earnings growth heading into 2026. The firm pointed out that the stock’s valuation remains discounted after a period of underperformance. This gap, in its view, creates room for upside as earnings growth becomes clearer.

The company recently reported its Q4 2025 results. President, CEO, and Director Vincent Sorgi said the company finished the year in line with its expectations. He stated that PPL continued to deliver safe and reliable electricity and natural gas service to more than 3.5 million customers. At the same time, it met its financial goals. Sorgi reported ongoing earnings of $1.81 per share. This marked a 7.1% increase compared with the prior year, reflecting steady operational and financial progress. He also introduced the company’s updated business plan. For 2026, PPL expects ongoing earnings to range between $1.90 and $1.98 per share, with a midpoint of $1.94. Sorgi said this outlook represents projected growth of about 7.2% from 2025 levels.

He added that the company is extending its annual EPS growth target of 6% to 8% through at least 2029. He said earnings are expected to trend toward the upper end of that range over time, supported by continued investment and operational improvements. Sorgi also outlined plans to invest $23 billion in capital projects between 2026 and 2029. This marks an increase from the previous $20 billion plan. He explained that the spending will focus on strengthening and modernizing the grid. It will also support the expansion of generation capacity in Kentucky.

PPL Corporation (NYSE:PPL) is an energy company focused on providing electricity and natural gas across the United States. It operates through three regulated segments: Kentucky, Pennsylvania, and Rhode Island.