Ameren Corp (NYSE:AEE) declared a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Stockholders of record on Wednesday, March 13th will be paid a dividend of 0.475 per share by the utilities provider on Friday, March 29th. This represents a $1.90 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Tuesday, March 12th.
Ameren has increased its dividend payment by an average of 3.7% annually over the last three years and has increased its dividend every year for the last 5 years. Ameren has a dividend payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Ameren to earn $3.29 per share next year, which means the company should continue to be able to cover its $1.90 annual dividend with an expected future payout ratio of 57.8%.
Shares of AEE stock traded up $0.29 on Monday, hitting $70.76. 1,391,385 shares of the stock traded hands, compared to its average volume of 1,350,932. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 0.98. The stock has a market cap of $17.22 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 3.16 and a beta of 0.31. Ameren has a twelve month low of $53.08 and a twelve month high of $70.96.
Several brokerages have recently weighed in on AEE. Wells Fargo & Co boosted their price target on shares of Ameren from $73.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday. UBS Group cut shares of Ameren from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Thursday, November 29th. Barclays set a $67.00 price target on shares of Ameren and gave the company a “hold” rating in a research report on Saturday, November 17th. ValuEngine raised shares of Ameren from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. Finally, Wolfe Research cut shares of Ameren from an “outperform” rating to a “hold” rating in a research report on Friday, October 26th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Ameren presently has a consensus rating of “Hold” and an average target price of $67.13.
COPYRIGHT VIOLATION WARNING: “Ameren Corp (AEE) to Issue Quarterly Dividend of $0.48” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be viewed at https://www.chaffeybreeze.com/2019/02/11/ameren-corp-aee-to-issue-quarterly-dividend-of-0-48.html.
Ameren Company Profile
Ameren Corporation operates as a public utility holding company in the United States. It operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The company engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution and transmission businesses.
Read More: What is the strike price in options trading?
Receive News & Ratings for Ameren Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ameren and related companies with MarketBeat.com's FREE daily email newsletter.