The AES Corporation Plans Quarterly Dividend of $0.18 (NYSE:AES)

The AES Corporation (NYSE:AES) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Friday, July 31st will be given a dividend of 0.176 per share by the utilities provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, July 31st.

AES has raised its dividend payment by an average of 0.0%per year over the last three years and has increased 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. Equities research analysts expect AES to earn $2.36 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 29.7%.

AES Stock Up 0.1%

Shares of NYSE:AES opened at $14.81 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.65 and a debt-to-equity ratio of 2.97. The stock has a fifty day simple moving average of $14.63 and a two-hundred day simple moving average of $14.70. AES has a 12-month low of $12.33 and a 12-month high of $17.65. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 7.92 and a beta of 0.96.

AES (NYSE:AES) last released its earnings results on Tuesday, May 5th. The utilities provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.18. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.11 billion. AES had a return on equity of 22.66% and a net margin of 10.78%. On average, research analysts anticipate that AES will post 2.27 earnings per share for the current fiscal year.

Institutional Trading of AES

A number of hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC lifted its holdings in AES by 49,950.0% in the second quarter. FNY Investment Advisers LLC now owns 100,100 shares of the utilities provider’s stock valued at $1,467,000 after acquiring an additional 99,900 shares during the period. GAMMA Investing LLC grew its position in AES by 10.3% during the second quarter. GAMMA Investing LLC now owns 33,921 shares of the utilities provider’s stock valued at $497,000 after buying an additional 3,180 shares during the period. CoreCap Advisors LLC increased its holdings in AES by 158.4% during the second quarter. CoreCap Advisors LLC now owns 6,277 shares of the utilities provider’s stock valued at $92,000 after buying an additional 3,848 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in AES by 61.0% in the first quarter. EverSource Wealth Advisors LLC now owns 5,296 shares of the utilities provider’s stock worth $75,000 after acquiring an additional 2,006 shares during the period. Finally, Kryger Capital LLC purchased a new position in shares of AES during the 1st quarter worth $31,702,000. Hedge funds and other institutional investors own 93.13% of the company’s stock.

About AES

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.