New annualized rate is $2.52
per share
ST.
LOUIS, Feb. 10, 2023 /PRNewswire/ -- The
board of directors of Ameren Corporation (NYSE: AEE) today declared
a quarterly cash dividend on its common stock of 63 cents per share, a 7% increase from the prior
quarterly cash dividend of 59 cents
per share, resulting in an annualized equivalent dividend rate of
$2.52 per share. The previous
annualized equivalent dividend rate was $2.36 per share.
"We are pleased to announce this is the tenth consecutive year
we've increased our dividend," said Martin
J. Lyons, Jr., president and chief executive officer of
Ameren Corporation. "Today's increase affirms the Ameren Board
of Directors' confidence in our sustained long-term growth
strategy, which includes a robust pipeline of future investments
that will continue to modernize the grid, enable our transition to
a cleaner energy future, drive increasing value for our customers
and provide strong returns 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, 2023, to shareholders of record at the
close of business on March 15,
2023.
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, 2023, to shareholders of record at the
close of business on April 21,
2023.
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 1, 2023, to
shareholders of record at the close of business on April 17, 2023.
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.
31,2021, 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/ameren-corporation-increases-quarterly-cash-dividend-by-7-percent-marking-ten-consecutive-years-of-growth-301744195.html
SOURCE Ameren Corporation