ST. LOUIS, Feb. 11, 2022 /PRNewswire/ -- The board of
directors of Ameren Corporation (NYSE: AEE) today declared a
quarterly cash dividend on its common stock of 59 cents per share, a 7.3% increase from the
prior quarterly cash dividend of 55
cents per share, resulting in an annualized equivalent
dividend rate of $2.36 per share. The
previous annualized equivalent dividend rate was $2.20 per share.
"For a ninth consecutive year, we are pleased to announce an
increase to our dividend," said Martin J.
Lyons, Jr., president and chief executive officer of Ameren
Corporation. "This reflects the Ameren Board of
Directors' confidence in our long-term sustainable growth strategy
that is bringing value to our customers and providing strong
results for our shareholders."
Lyons said Ameren anticipates dividend growth will be in line
with the company's long-term earnings-per-share growth expectations
and within a payout ratio of 55% to 70%. Future earnings growth
opportunities will be driven by cash flow, investments and other
business considerations.
The common share dividend is payable March 31, 2022, to shareholders of record at the
close of business on March 9,
2022.
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 May 15, 2022, to shareholders of record at the
close of business on April 22,
2022.
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 May 2, 2022, to
shareholders of record at the close of business on April 11, 2022.
About Ameren Corporation
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 transmission and distribution
service and natural gas distribution service. Ameren Missouri
provides electric generation, transmission and distribution
services, as well as natural gas distribution service. Ameren
Transmission Company of Illinois
operates a rate-regulated electric transmission business in the
Midcontinent Independent System Operator, Inc. For more
information, visit Ameren.com, or follow us on Twitter at
@AmerenCorp, Facebook.com/AmerenCorp, or
LinkedIn.com/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, projections, strategies,
targets, estimates, 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 Dec.
31, 2020, its Quarterly Report on Form 10-Q for the quarter
ended September 30, 2021, 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