The AES Corporation (NYSE:AES – Get Free Report) declared a quarterly dividend on Thursday, October 8th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.1759 per share by the utilities provider on Friday, November 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, October 30th.
AES has a payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect AES to earn $2.31 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 30.3%.
AES Price Performance
NYSE AES opened at $15.03 on Wednesday. AES has a 1-year low of $13.21 and a 1-year high of $17.65. The stock has a 50-day moving average of $14.86 and a 200-day moving average of $14.75.
AES (NYSE:AES – Get Free Report) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.15. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.11 billion. As a group, equities research analysts forecast that AES will post 2.02 earnings per share for the current year.
About AES
AES Corporation is a global energy company that develops, owns and operates power generation and utility businesses. Its activities include generating and supplying electricity, developing renewable energy projects, and providing energy infrastructure and related services.
The company’s portfolio includes solar, wind, battery energy storage and hydroelectric facilities, as well as natural gas-fired generation and other conventional power assets. AES also works with businesses and other energy users to provide customized clean-energy solutions, including renewable power procurement and storage.
Founded in 1981 as Applied Energy Services, AES serves customers through operations and projects in the United States and international markets across North and South America, Europe and Asia.
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