AES Announces 2% Increase in Quarterly Dividend

Rhea-AI Summary

AES (NYSE: AES) has announced a 2% increase in its quarterly common stock dividend. The dividend will increase from $0.1725 per share to $0.17595 per share starting in the first quarter of 2025. The next dividend payment is scheduled for February 14, 2025, and will be paid to shareholders of record as of January 31, 2025.

Positive

• 2% increase in quarterly dividend demonstrates company's commitment to shareholder returns
• Continued dividend payments indicate stable cash flow position

Negative

• Modest 2% dividend increase may not keep pace with inflation
• Small increment of $0.00345 per share suggests room for dividend growth

ARLINGTON, Va., Dec. 6, 2024 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE: AES) approved an increase of 2% in the Company's quarterly common stock dividend, from $0.1725 per share to $0.17595 per share, beginning in the first quarter of 2025. 

The Company's first quarter 2025 common stock dividend of $0.17595 per share is payable on February 14, 2025 to shareholders of record at the close of business on January 31, 2025.  Additional information regarding dividends paid by AES, including tax treatment, can be found on www.aes.com by selecting "Investors" then "Stock Information" and then "Dividend History."

About AES

The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy.  Together with our many stakeholders, we're improving lives by delivering the greener, smarter energy solutions the world needs.  Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today.  For more information, visit www.aes.com.

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES' current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, our expectations regarding accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as the execution of PPAs, conversion of our backlog and growth investments at normalized investment levels, and rates of return consistent with prior experience.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES' filings with the Securities and Exchange Commission (the "SEC"), including, but not limited to, the risks discussed under Item 1A: "Risk Factors" and Item 7: "Management's Discussion & Analysis" in AES' 2023 Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES' filings to learn more about the risk factors associated with AES' business. AES undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except where required by law.

Any Stockholder who desires a copy of the Company's 2023 Annual Report on Form 10-K filed February 26, 2024 with the SEC may obtain a copy (excluding the exhibits thereto) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made. A copy of the Annual Report on Form 10-K may be obtained by visiting the Company's website at www.aes.com.  

Website Disclosure

AES uses its website, including its quarterly updates, as channels of distribution of Company information.  The information AES posts through these channels may be deemed material.  Accordingly, investors should monitor our website, in addition to following AES' press releases, quarterly SEC filings and public conference calls and webcasts.  In addition, you may automatically receive e-mail alerts and other information about AES when you enroll your e-mail address by visiting the "Subscribe to Alerts" page of AES' Investors website.  The contents of AES' website, including its quarterly updates, are not, however, incorporated by reference into this release.

Investor Contact: Susan Harcourt 703-682-1204, susan.harcourt@aes.com
Media Contact: Amy Ackerman 703-682-6399, amy.ackerman@aes.com 

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SOURCE The AES Corporation

FAQ

What is AES's new quarterly dividend amount for 2025?

AES's new quarterly dividend amount is $0.17595 per share, effective from the first quarter of 2025.

When will AES pay its first increased dividend in 2025?

AES will pay its first increased dividend on February 14, 2025, to shareholders of record as of January 31, 2025.

By what percentage did AES increase its quarterly dividend?

AES increased its quarterly dividend by 2%, from $0.1725 to $0.17595 per share.

What is the record date for AES's Q1 2025 dividend?

The record date for AES's Q1 2025 dividend is January 31, 2025.