PPL Corporation declared a quarterly common stock dividend of $0.3675 per share payable July 1, 2013, to shareholders of record as of June 10, 2013. This is PPL Corporation's 270th consecutive quarterly dividend.

PPL Corporation announced that at the annual meeting held on May 15, 2013 elected Raja Rajamannar as director. Over the next five years, the company plans to invest almost $16 billion in its regulated businesses, growing its regulated asset base by an average of about 8% annually over that period. The shareholders also approved an amendment to company's Articles of Incorporation to implement a majority voting standard for election of directors in uncontested elections.

PPL Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total operating revenues of $2,457 million compared to $4,112 million last year. Operating income was $693 million compared to $1,051 million last year. Income before income taxes was $564 million compared to $804 million last year. Net income was $413 million compared to $545 million last year. Net income attributable to the company shareowners was $413 million or $0.65 per diluted share compared to $541 million or $0.93 per diluted share last year. Net cash provided by operating activities was $244 million compared to $728 million last year. Expenditures for property, plant and equipment was $828 million compared to $682 million last year. Book value per share for the twelve months was $18.04 compared to $19.44 per share last year. Return on average common equity was 12.84% compared to 15.35% last year. Return on average common equity - earnings from ongoing operations was 13.44% compared to 14.19% last year. Adjusting for special items, quarterly earnings from ongoing operations were $454 million, or $0.71 per share, an increase from $409 million, or $0.70 per share, in the first quarter of 2012. First-quarter per-share reported and ongoing earnings reflect accelerated recognition of the common stock underlying the equity units issued to fund the company's 2010 and 2011 acquisitions in Kentucky and the United KingdomOn a net income basis, earnings from ongoing operations increased about 11% in the first quarter versus the same period a year ago. Reported earnings were lower than last year, mainly due to net mark-to-market adjustments on economic hedges in the Supply segment and foreign currency hedges the company's has in place on future U.K. earnings. As a result of the accelerated recognition of common stock related to the equity units and the change in financing plans, the company's 2013 earnings per share 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. The company expects lower earnings per share in 2013 compared with 2012, primarily due to lower earnings in the Supply segment, higher earnings in the three regulated segments and dilution of $0.21 per share associated with shares related to the 2010 and 2011 Equity Units and the April 2012 forward stock sale that settles in 2013.