The AES Corporation (AES) to Issue Quarterly Dividend of $0.18 on May 15th

The AES Corporation (NYSE:AESGet Free Report) announced a quarterly dividend on Thursday, February 19th. Stockholders of record on Friday, May 1st will be paid a dividend of 0.176 per share by the utilities provider on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, May 1st.

AES has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. AES has a dividend payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect AES to earn $2.38 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 29.4%.

AES Trading Down 0.0%

NYSE:AES opened at $14.48 on Wednesday. The stock has a fifty day simple moving average of $14.62 and a 200 day simple moving average of $14.47. The company has a quick ratio of 0.69, a current ratio of 0.77 and a debt-to-equity ratio of 2.94. The firm has a market capitalization of $10.32 billion, a price-to-earnings ratio of 11.49 and a beta of 1.03. AES has a 1-year low of $9.46 and a 1-year high of $17.65.

AES (NYSE:AESGet Free Report) last posted its quarterly earnings data on Monday, March 2nd. The utilities provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. AES had a net margin of 7.40% and a return on equity of 19.93%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.07 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. Sell-side analysts forecast that AES will post 2.29 earnings per share for the current year.

About AES

(Get Free Report)

AES Corporation is a global energy company focused on the generation and distribution of electricity across diversified markets. Headquartered in Arlington, Virginia, AES develops, builds and operates power plants and distribution systems that serve residential, industrial and commercial customers. The company’s portfolio includes thermal, renewable and battery energy storage facilities designed to deliver reliable and sustainable electricity solutions.

Through its subsidiaries, AES operates a balanced mix of power generation assets, including natural gas, coal and renewables such as solar and wind.

Further Reading

Dividend History for AES (NYSE:AES)

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