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

The AES Corporation (NYSE:AES) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Friday, May 1st will be given 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 is Friday, May 1st.

AES has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 12 years. AES has a dividend payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of NYSE AES traded down $0.01 during midday trading on Wednesday, reaching $14.48. 700,987 shares of the company were exchanged, compared to its average volume of 12,115,775. AES has a one year low of $9.46 and a one year high of $17.65. The stock has a market cap of $10.32 billion, a P/E ratio of 11.49 and a beta of 1.03. 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 stock’s 50-day moving average price is $14.62 and its 200-day moving average price is $14.47.

AES (NYSE:AES) last announced its quarterly earnings results 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 return on equity of 19.93% and a net margin of 7.40%.The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.07 billion. During the same period in the prior year, the company earned $0.54 EPS. On average, sell-side analysts anticipate that AES will post 2.29 earnings per share for the current fiscal year.

AES Company Profile

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.