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.
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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