The AES Co. (AES) to Distribute Quarterly Dividend of $0.14 on November 16th

The AES Co. (NYSE:AES) announced a quarterly dividend on Friday, October 16th, RTT News reports. Investors of record on Friday, October 30th will be paid a dividend of 0.1433 per share by the utilities provider on Monday, November 16th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 2.88%.

The AES has increased its dividend payment by 24.1% over the last three years and has raised its dividend annually for the last 1 consecutive years.

Shares of The AES stock opened at $19.90 on Friday. The company has a debt-to-equity ratio of 4.16, a current ratio of 1.10 and a quick ratio of 1.00. The firm has a market cap of $13.24 billion, a P/E ratio of 66.33, a P/E/G ratio of 1.76 and a beta of 0.97. The firm has a 50 day simple moving average of $18.27 and a 200 day simple moving average of $15.18. The AES has a fifty-two week low of $8.11 and a fifty-two week high of $21.23.

The AES (NYSE:AES) last announced its quarterly earnings data on Thursday, August 6th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The AES had a net margin of 2.01% and a return on equity of 24.35%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was down 10.7% on a year-over-year basis. On average, sell-side analysts expect that The AES will post 1.38 EPS for the current year.

A number of equities analysts have issued reports on the stock. TheStreet cut shares of The AES from a “b-” rating to a “c” rating in a research note on Thursday, August 6th. Morgan Stanley raised their price objective on shares of The AES from $19.00 to $23.50 and gave the company an “overweight” rating in a research note on Friday, September 18th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of The AES from a “sell” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $18.19.

About The AES

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.

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Dividend History for The AES (NYSE:AES)

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