New annualized rate is $2.84
per share
ST.
LOUIS, Feb. 7, 2025 /PRNewswire/ -- The board of
directors of Ameren Corporation (NYSE: AEE) today declared a
quarterly cash dividend on its common stock of 71 cents per share, an approximate 6 percent
increase from the prior quarterly cash dividend of 67 cents per share, resulting in an annualized
equivalent dividend rate of $2.84 per
share. The previous annualized equivalent dividend rate was
$2.68 per share.
"We are pleased to announce that this marks the twelfth
consecutive year of increasing our dividend," stated Martin J. Lyons, Jr., chairman, president, and
chief executive officer of Ameren Corporation. "Today's increase
reflects the Ameren Board of Directors' confidence in our
sustainable long-term growth strategy. This includes investing in a
robust pipeline of energy infrastructure projects aimed at
modernizing the grid, bolstering reliability, facilitating economic
development, supporting job creation and enabling a cleaner energy
future for the benefit of our customers and communities, all while
providing 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 range of 55% to 65%. Future dividend
growth opportunities will be driven by cash flow, investments and
other business factors.
The common share dividend is payable March 31, 2025, to shareholders of record at the
close of business on March 11,
2025.
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, 2025, to shareholders of record at the
close of business on April 17,
2025.
In addition, the board of directors of Ameren Illinois Company,
doing business as Ameren Illinois, declared regular quarterly cash
dividends on all classes of Ameren Illinois Company's preferred
stock. These preferred stock dividends are payable May 1, 2025, to shareholders of record at the
close of business on April 11,
2025.
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 develops, owns and operates
rate-regulated regional electric transmission projects in the
Midcontinent Independent System Operator, Inc. For more
information, visit Ameren.com, or follow us on social media at
@AmerenCorp on X, 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, 2023, and its other reports filed with the Securities
and Exchange Commission 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
