The AES Co. (NYSE:AES) Announces Quarterly Dividend of $0.14

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.

The AES (NYSE:AES) last released its earnings results on Thursday, August 6th. The utilities provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.54 billion. The AES had a net margin of 2.01% and a return on equity of 24.35%. The company’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.26 EPS. Research analysts predict that The AES will post 1.38 EPS for the current year.

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.

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Dividend History for The AES (NYSE:AES)

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