The AES Corporation (NYSE:AES) Announces $0.18 Quarterly Dividend

The AES Corporation (NYSE:AES) declared a quarterly dividend on Wednesday, July 15th. Stockholders of record on Friday, July 31st will be paid 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 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 payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

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 company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 7.92 and a beta of 0.96. AES has a twelve month low of $12.33 and a twelve month high of $17.65. The business has a 50 day simple moving average of $14.63 and a 200-day simple moving average of $14.70.

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

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.