Ameren Corp (AEE) Announces Quarterly Dividend of $0.46

Ameren Corp (NYSE:AEE) announced a quarterly dividend on Friday, February 9th, RTT News reports. Stockholders of record on Wednesday, March 14th will be given a dividend of 0.4575 per share by the utilities provider on Thursday, March 29th. This represents a $1.83 annualized dividend and a dividend yield of 3.36%.

Ameren has raised its dividend payment by an average of 3.4% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Ameren has a payout ratio of 65.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ameren to earn $3.01 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 60.8%.

Ameren (AEE) traded up $1.80 during trading on Friday, hitting $54.39. 2,505,589 shares of the stock traded hands, compared to its average volume of 1,697,064. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.40 and a current ratio of 0.61. The stock has a market cap of $13,340.00, a PE ratio of 21.81, a P/E/G ratio of 2.49 and a beta of 0.28. Ameren has a 12-month low of $51.81 and a 12-month high of $64.89.

AEE has been the topic of several research reports. KeyCorp restated a “hold” rating on shares of Ameren in a research report on Friday, October 20th. Bank of America initiated coverage on shares of Ameren in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $62.00 target price on the stock. Zacks Investment Research upgraded shares of Ameren from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine upgraded shares of Ameren from a “hold” rating to a “buy” rating in a research report on Wednesday, November 15th. Finally, Morgan Stanley cut shares of Ameren from an “equal weight” rating to an “underweight” rating and set a $61.00 target price on the stock. in a research report on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $57.80.

In related news, SVP Gregory L. Nelson sold 12,000 shares of Ameren stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $62.68, for a total value of $752,160.00. Following the transaction, the senior vice president now owns 36,785 shares in the company, valued at approximately $2,305,683.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by company insiders.

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About Ameren

Ameren Corporation is a utility holding company. The Company’s subsidiaries include Ameren Missouri, Ameren Illinois and Ameren Transmission Company (ATXI). It operates through four segments. The Ameren Missouri segment includes all of the operations of Ameren Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois.

Dividend History for Ameren (NYSE:AEE)

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