Ameren Declares Quarterly Cash Dividend of 75 Cents
The board of directors of Ameren declared a quarterly cash dividend on its common stock of 75c per share, a 5.6% increase from the prior quarterly cash dividend of 71c per share, resulting in an annualized equivalent dividend rate of $3.00 per share. The previous annualized equivalent dividend rate was $2.84 per share. The common share dividend is payable March 31 to shareholders of record at the close of business on March 10. Martin Lyons, Jr., chairman, president and CEO of Ameren, said. "This increase reflects the board's commitment to and confidence in delivering strong, predictable returns and long-term value for shareholders." Lyons added Ameren anticipates dividend growth will be in line with the company's long-term earnings-per-share growth expectations and that the dividend payout ratio will be maintained in a range of 50% to 60%. Future dividend growth opportunities will be driven by cash flow, investments and other business factors.
