Ameren Corporation (AEE) to Issue Quarterly Dividend of $0.75 on March 31st

Ameren Corporation (NYSE:AEE) announced a quarterly dividend on Friday, February 6th. Investors of record on Tuesday, March 10th will be given a dividend of 0.75 per share by the utilities provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a 5.6% increase from Ameren’s previous quarterly dividend of $0.71.

Ameren has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Ameren has a dividend payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ameren to earn $5.31 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 56.5%.

Ameren Price Performance

Shares of AEE stock opened at $111.55 on Friday. The business’s fifty day moving average is $105.47 and its 200 day moving average is $103.19. The company has a quick ratio of 0.46, a current ratio of 0.66 and a debt-to-equity ratio of 1.35. The stock has a market cap of $30.83 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 2.26 and a beta of 0.56. Ameren has a twelve month low of $91.77 and a twelve month high of $113.64.

Ameren (NYSE:AEE) last announced its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. Ameren had a return on equity of 10.69% and a net margin of 16.55%.The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm posted $0.77 earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. Research analysts expect that Ameren will post 4.93 EPS for the current fiscal year.

Ameren Company Profile

Ameren Corporation (NYSE: AEE) is an integrated energy company headquartered in St. Louis, Missouri, that provides electric and natural gas delivery and related services in portions of Missouri and Illinois. The company operates regulated utility businesses that serve a broad mix of residential, commercial and industrial customers, and it participates in wholesale energy markets and transmission operations that support reliable service across its service territories.

Ameren’s core activities include generation, transmission and distribution of electricity, distribution of natural gas, and the provision of customer energy solutions such as demand-side management and energy efficiency programs.