New Annualized Rate is $1.98 Per Share
ST. LOUIS, MO (STL.News) The board of directors of Ameren Corporation (NYSE: AEE) today declared a quarterly cash dividend on its common stock of 49.5 cents per share, a 4.2 percent increase from the prior quarterly cash dividend of 47.5 cents per share, resulting in an annualized equivalent dividend rate of $1.98 per share. The previous annualized equivalent dividend rate was $1.90 per share.
“We are pleased to announce an increase in our fourth quarter 2019 dividend, which marks the sixth consecutive year we have increased our dividend,” said Warner L. Baxter, chairman, president and chief executive officer of Ameren Corporation. “This action reflects confidence in the outlook for our businesses and ability to achieve our long-term earnings and rate base growth plans. Future dividend decisions will be driven by earnings growth, cash flows and other business conditions.”
The common share dividend is payable Dec. 31, 2019, to shareholders of record at the close of business on Dec. 11, 2019.
Separately, the board of directors of Union Electric Company, doing business as Ameren Missouri, declared regular quarterly cash dividends on all classes of Union Electric Company’s preferred stock. These preferred stock dividends are payable Feb. 15, 2020, to shareholders of record at the close of business on Jan. 17, 2020.
In addition, the board of directors of Ameren Illinois Company declared regular quarterly cash dividends on all classes of Ameren Illinois Company’s preferred stock. These preferred stock dividends are payable Feb. 3, 2020, to shareholders of record at the close of business on Jan. 13, 2020.