Ameren Corporation increases quarterly cash dividend by 5.6 percent, marking 13 consecutive years of growth

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Ameren Corporation (NYSE: AEE) declared a quarterly cash dividend of $0.75 per share, a 5.6% increase from $0.71, producing an annualized rate of $3.00 per share. This marks the 13th consecutive year of dividend increases.

The common dividend is payable March 31, 2026 to shareholders of record March 10, 2026. The company said it expects dividend growth in line with long-term EPS targets and will maintain a payout ratio range of 50%–60%. Preferred dividends for Ameren Missouri and Ameren Illinois were also declared with May 2026 payment dates.

Positive

• Quarterly dividend raised to $0.75 per share, a 5.6% increase
• Annualized dividend rate now $3.00 per share
• 13 consecutive years of dividend increases signals payout consistency
• Company targets a 50%–60% dividend payout ratio to balance growth and returns

Negative

• Increase of 5.6% is modest relative to double‑digit dividend growth expectations
• Dividend growth tied to EPS and cash flow could be constrained by operational or capital demands

News Market Reaction – AEE

+0.27%

1 alert

+0.27% News Effect

On the day this news was published, AEE gained 0.27%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

New annualized rate is $3.00 per share  

ST. LOUIS, Feb. 6, 2026 /PRNewswire/ -- The board of directors of Ameren Corporation (NYSE: AEE) today declared a quarterly cash dividend on its common stock of 75 cents per share, a 5.6 percent increase from the prior quarterly cash dividend of 71 cents 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.

"This marks the thirteenth consecutive year the Ameren Board of Directors has increased our dividend," said Martin J. Lyons, Jr., chairman, president and chief executive officer of Ameren Corporation. "This increase reflects the board's commitment to and confidence in delivering strong, predictable returns and long-term value for shareholders."

Lyons said 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.

"Our disciplined growth strategy prioritizes investments that modernize the grid, enhancing reliability and resiliency, while promoting economic development in our communities — all while maintaining a solid balance sheet and a track record of consistent dividend growth," Lyons said.

The common share dividend is payable March 31, 2026, to shareholders of record at the close of business on March 10, 2026.

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, 2026, to shareholders of record at the close of business on April 16, 2026.

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, 2026, to shareholders of record at the close of business on April 10, 2026.

About Ameren Corporation
St. Louis-based Ameren Corporation powers the quality of life for 2.5 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 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, 2024, 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

FAQ

What dividend did Ameren (AEE) announce on February 6, 2026?

Ameren declared a quarterly cash dividend of $0.75 per share. According to the company, this is a 5.6% increase from $0.71, creating an annualized rate of $3.00 per share and marking 13 consecutive years of increases.

When is the Ameren (AEE) common dividend payable and what is the record date?

The common dividend is payable on March 31, 2026 with a record date of March 10, 2026. According to the company, shareholders of record at close of business March 10 will receive the March 31 payment.

How does Ameren (AEE) expect future dividend growth to be determined?

Ameren expects dividend growth to follow its long-term EPS growth expectations. According to the company, dividend increases will be driven by cash flow, investments and other business factors while keeping payout within 50%–60%.

Does the Ameren (AEE) announcement affect preferred stock dividends for its subsidiaries?

Yes. Union Electric (Ameren Missouri) and Ameren Illinois declared regular quarterly preferred dividends with May 2026 payment dates. According to the company, these preferred dividends have specified record and payment dates in April and May 2026.

What does Ameren’s 13th consecutive year of dividend increases mean for shareholders of AEE?

It indicates a multi-year track record of raising cash returns to shareholders. According to the company, the consecutive increases reflect board confidence and a focus on predictable shareholder returns tied to the company’s financial plans.