Ameren Corp (AEE) to Issue Quarterly Dividend of $0.48

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.

In other Ameren news, SVP Gregory L. Nelson sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $69.00, for a total transaction of $690,000.00. Following the sale, the senior vice president now directly owns 46,095 shares in the company, valued at $3,180,555. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael L. Moehn sold 8,000 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $69.00, for a total transaction of $552,000.00. Following the sale, the insider now owns 80,567 shares in the company, valued at $5,559,123. The disclosure for this sale can be found here. Corporate insiders own 0.44% of the company’s stock.

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.

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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.

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Dividend History for Ameren (NYSE:AEE)

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