The AES Corporation (AES) To Go Ex-Dividend on July 31st

The AES Corporation (NYSE:AES) declared a quarterly dividend on Wednesday, July 15th. Investors 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) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, July 31st.

AES has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. AES has a dividend payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Equities research 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

AES stock opened at $14.84 on Wednesday. The stock’s 50 day moving average is $14.70 and its two-hundred day moving average is $14.72. AES has a 52-week low of $12.33 and a 52-week high of $17.65. The company has a market capitalization of $10.58 billion, a PE ratio of 7.93 and a beta of 0.96. The company has a quick ratio of 0.65, a current ratio of 0.73 and a debt-to-equity ratio of 2.97.

AES (NYSE:AES) last released its earnings results on Tuesday, May 5th. The utilities provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.50 by $0.18. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.11 billion. AES had a return on equity of 22.66% and a net margin of 10.78%. Analysts predict that AES will post 2.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of AES in a report on Monday, June 1st. Susquehanna cut shares of AES from a “positive” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $15.00 in a research report on Thursday, April 9th. Eight equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.71.

AES Company Profile

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.