The AES Corporation (AES) Plans Quarterly Dividend of $0.12
The AES Corporation (NYSE:AES) announced a quarterly dividend on Monday, July 17th, RTT News reports. Investors of record on Thursday, August 3rd will be given a dividend of 0.12 per share by the utilities provider on Thursday, August 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.32%.
The AES Corporation has increased its dividend by an average of 40.1% annually over the last three years and has increased its dividend every year for the last 4 years. The AES Corporation has a dividend payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect The AES Corporation to earn $1.21 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 39.7%.
The AES Corporation (AES) traded up 0.82% during midday trading on Monday, hitting $11.12. 3,358,420 shares of the company were exchanged. The AES Corporation has a one year low of $10.60 and a one year high of $13.32. The stock’s market capitalization is $7.34 billion. The firm’s 50-day moving average price is $11.62 and its 200-day moving average price is $11.50.
The AES Corporation (NYSE:AES) last posted its earnings results on Monday, May 8th. The utilities provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by $0.03. The AES Corporation had a positive return on equity of 14.71% and a negative net margin of 9.27%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the business earned $0.15 earnings per share. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts anticipate that The AES Corporation will post $1.05 earnings per share for the current year.
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Several research firms recently commented on AES. Zacks Investment Research upgraded shares of The AES Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. BidaskClub lowered shares of The AES Corporation from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. Morgan Stanley restated an “equal weight” rating on shares of The AES Corporation in a report on Monday, July 10th. ValuEngine lowered shares of The AES Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Argus restated a “hold” rating on shares of The AES Corporation in a report on Thursday, March 23rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The AES Corporation currently has an average rating of “Hold” and a consensus target price of $11.75.
The AES Corporation Company Profile
The AES Corporation is a holding company. The Company, through its subsidiaries and affiliates, operates a diversified portfolio of electricity generation and distribution businesses. It is organized into six strategic business units (SBUs): the United States; Andes; Brazil; Mexico, Central America and the Caribbean (MCAC); Europe, and Asia.
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