ST. LOUIS, Oct. 13, 2017 /PRNewswire/ -- The board of
directors of Ameren Corporation (NYSE: AEE) today declared a
quarterly cash dividend on its common stock of 45.75 cents per share, a 4 percent increase from
the prior quarterly cash dividend of 44
cents per share, resulting in an annualized equivalent
dividend rate of $1.83 per share. The
previous annualized equivalent dividend rate was $1.76 per share.
"We are pleased to announce an increase in our fourth quarter
2017 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.
29, 2017, to shareholders of record at the close of business
on Dec. 13, 2017.
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, 2018, to shareholders of record at the
close of business on Jan. 19,
2018.
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. 1, 2018, to
shareholders of record at the close of business on Jan. 8, 2018.
About Ameren
St. Louis-based Ameren
Corporation powers the quality of life for 2.4 million electric
customers and more than 900,000 natural gas customers in a
64,000-square-mile area through its Ameren Missouri and Ameren
Illinois rate-regulated utility subsidiaries. Ameren Illinois
provides electric distribution and transmission service, as well as
natural gas distribution service, while Ameren Missouri provides
vertically integrated electric service, with generating capacity of
over 10,200 megawatts, and natural gas distribution service. Ameren
Transmission Company of Illinois
develops regional electric transmission projects. For more
information, visit Ameren.com, or follow us at @AmerenCorp,
Facebook.com/AmerenCorp, or LinkedIn/company/Ameren.
Forward-looking Statements
Statements in this
release not based on historical facts are considered
"forward-looking" and, accordingly, involve risks and uncertainties
that could cause actual results to differ materially from those
discussed. Although such forward-looking statements have been made
in good faith and are based on reasonable assumptions, there is no
assurance that the expected results will be achieved. These
statements include (without limitation) statements as to future
expectations, beliefs, plans, strategies, objectives, events,
conditions and financial performance. In connection with the
"safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995, we are providing this cautionary statement to
identify important factors that could cause actual results to
differ materially from those anticipated. In addition to factors
discussed in this release, Ameren's Annual Report on Form 10-K for
the year ended December 31, 2016, and
its other reports filed with the Securities and Exchange Commission
under the Securities Exchange Act of 1934 contain a list of factors
and a discussion of risks which could cause actual results to
differ materially from management expectations suggested in such
"forward-looking" statements. All "forward-looking"
statements included in this release are based upon information
presently available, and Ameren, except to the extent required by
the federal securities laws, undertakes no obligation to update or
revise publicly any "forward-looking" statements to reflect new
information or current events.
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SOURCE Ameren Corporation