The AES Co. (NYSE:AES) announced a quarterly dividend on Friday, October 16th, RTT News reports. Shareholders of record on Friday, October 30th will be given 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 yield of 2.88%.
The AES has increased its dividend payment by 24.1% over the last three years and has increased its dividend annually for the last 1 consecutive years.
NYSE:AES opened at $19.90 on Friday. The company has a market capitalization of $13.24 billion, a PE ratio of 66.33, a P/E/G ratio of 1.76 and a beta of 0.97. The company has a 50 day simple moving average of $18.27 and a two-hundred day simple moving average of $15.18. The company has a debt-to-equity ratio of 4.16, a quick ratio of 1.00 and a current ratio of 1.10. The AES has a fifty-two week low of $8.11 and a fifty-two week high of $21.23.
Several analysts have recently commented on AES shares. Morgan Stanley raised their price objective on shares of The AES from $19.00 to $23.50 and gave the stock an “overweight” rating in a research report on Friday, September 18th. They noted that the move was a valuation call. TheStreet downgraded shares of The AES from a “b-” rating to a “c” rating in a research report on Thursday, August 6th. Finally, ValuEngine raised shares of The AES from a “sell” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The AES currently has a consensus rating of “Buy” and an average price target 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.
Read More: Stochastic Momentum Index (SMI)
Receive News & Ratings for The AES Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The AES and related companies with MarketBeat.com's FREE daily email newsletter.