The AES Corporation (NYSE:AES) declared quarterly dividend of $ 0.1433 per share, or $ 0.57 annualized.
The dividend will be payable on November 16, 2020, to stockholders of record on October 30, 2020, with an ex-dividend date of October 29, 2020.
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The AES Corporation recently reported second quarter financial results on August 6, 2020, before market open, the Arlington based company posted income for the second quarter of $ 0.25 per share, from the revenue of $ 2,217.00 million. The quarterly earnings contracted 3.85 percent while revenues shrunk 10.71 percent compared with the same quarter last year.
Wall street analysts are predicting, AES to report 2Q20 income of $ 0.23 per share from revenue of $ 2561.07 million. The bottom line results beat street analysts by $ 0.02 or 8.70 percent, at the same time, top line results fell short of analysts by $ 344.07 million or 13.43 percent.
Shares of The AES Corporation traded low $ -0.13 or -0.65 percent on Friday, reaching $ 19.73 with volume of 766.90 thousand shares. The stock opened positive for the day at $ 19.93, after closing the previous day trading at $ 19.86.
According to the previous trading day, closing price of $ 19.86, representing a 144.88 % increase from the 52 week low of $ 8.11 and a 6.45 % decrease over the 52 week high of $ 21.23.
The company has a market capital of $ 13.12 billion and is part of the Utilities sector and Utilities – Diversified industry.
The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and sells electricity on the wholesale market.