The AES Corporation (NYSE:AES) Announces $0.18 Quarterly Dividend

Key Points

• AES Corporation announced a quarterly dividend of $0.18 per share, set to be paid on November 14th to shareholders recorded on October 31st, resulting in an annualized yield of 5.0%.
• The company reported earnings of $0.51 per share for the last quarter, outperforming estimates, although revenue was down by 3.0% year-over-year, totaling $2.86 billion.
• AES's stock has seen a price drop to $14.07, with a market capitalization of $10.02 billion and a price-to-earnings ratio of 9.91.

The AES Corporation (NYSE:AES - Get Free Report) announced a quarterly dividend on Friday, October 10th, RTT News reports. Shareholders of record on Friday, October 31st will be paid a dividend of 0.176 per share by the utilities provider on Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 5.0%.

AES has a dividend payout ratio of 31.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect AES to earn $2.02 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 34.7%.

AES Price Performance

Shares of NYSE AES traded down $0.50 on Friday, hitting $14.07. The company's stock had a trading volume of 9,056,823 shares, compared to its average volume of 14,782,121. AES has a 12-month low of $9.46 and a 12-month high of $18.31. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 0.61 and a beta of 0.93. The company has a debt-to-equity ratio of 3.46, a current ratio of 0.82 and a quick ratio of 0.74. The stock has a 50 day moving average of $13.30 and a 200-day moving average of $11.98.

AES (NYSE:AES - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. AES had a net margin of 8.42% and a return on equity of 19.02%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the firm earned $0.38 earnings per share. The company's revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, research analysts predict that AES will post 1.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Weiss Ratings restated a "sell (d+)" rating on shares of AES in a research report on Wednesday. Evercore ISI assumed coverage on shares of AES in a research report on Monday. They set an "in-line" rating and a $15.00 target price on the stock. Wall Street Zen upgraded shares of AES from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Barclays increased their price target on shares of AES from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 22nd. Finally, Susquehanna increased their price target on shares of AES from $15.00 to $16.00 and gave the stock a "positive" rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $23.70.

About AES

The AES Corporation, together with its subsidiaries, operates as a diversified power generation and utility company in the United States and internationally. The company owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries; 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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