The AES Corporation (NYSE:AES) Board Authorize Quarterly Dividend

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.

Dividends History

Click Here For More Historical Dividends Of The AES Corporation

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.

Stock Performance

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.