Ameren Corp (AEE) Announces Quarterly Dividend of $0.46
Ameren Corp (NYSE:AEE) announced a quarterly dividend on Friday, August 10th, RTT News reports. Stockholders of record on Wednesday, September 12th will be given a dividend of 0.4575 per share by the utilities provider on Friday, September 28th. This represents a $1.83 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Tuesday, September 11th.
Ameren has increased its dividend payment by an average of 3.4% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Ameren has a dividend payout ratio of 56.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ameren to earn $3.26 per share next year, which means the company should continue to be able to cover its $1.83 annual dividend with an expected future payout ratio of 56.1%.
AEE opened at $65.34 on Monday. Ameren has a 12-month low of $51.89 and a 12-month high of $65.87. The company has a market capitalization of $15.95 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 3.04 and a beta of 0.21. The company has a quick ratio of 0.45, a current ratio of 0.62 and a debt-to-equity ratio of 1.01.
In other news, SVP Mark C. Birk sold 3,500 shares of the stock in a transaction that occurred on Thursday, June 14th. The stock was sold at an average price of $56.21, for a total transaction of $196,735.00. Following the transaction, the senior vice president now owns 51,250 shares in the company, valued at $2,880,762.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.44% of the stock is currently owned by company insiders.
A number of research firms have recently issued reports on AEE. Morgan Stanley raised their price objective on Ameren from $57.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, July 16th. Barclays started coverage on Ameren in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $63.00 price objective for the company. Zacks Investment Research upgraded Ameren from a “hold” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Tuesday, May 29th. Finally, Goldman Sachs Group reiterated a “neutral” rating on shares of Ameren in a research note on Friday, June 1st. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Ameren presently has an average rating of “Hold” and an average price target of $63.29.
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
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