Ameren Declares Quarterly Dividend
Ameren declared its quarterly dividend today, keeping distributions steady at $0.40 per share. The utility will dole out its dividend on December 31 to shareholders of record on December 11.
As a relatively cash-steady company, Ameren has rewarded income investors with dividends since February 1998, when the utility first announced a quarterly dividend of $0.635 per share.
This latest announcement marks the ninth straight quarter of $0.40 distributions. Shareholders felt a squeeze in February 2010, when Ameren dropped its quarterly dividend from $0.635, to $0.385, but distributions have stayed relatively stable since then.
At current rates, Ameren's annual dividend yield clocks in at 4.6%, slightly above the industry average of 4.3%.
The article Ameren Declares Quarterly Dividend originally appeared on Fool.com.Fool contributor Justin Loiseau has no position in any stocks mentioned. You can follow him on Twitter @TMFJLo and on Motley Fool CAPS @TMFJLo.The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.