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.

Ameren (NYSE:AEE) last released its quarterly earnings data on Friday, August 3rd. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.18. Ameren had a return on equity of 10.60% and a net margin of 9.85%. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the firm posted $0.79 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that Ameren will post 3.25 earnings per share for the current fiscal year.

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.

About Ameren

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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Dividend History for Ameren (NYSE:AEE)

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