AES Corp (AES) Raises Quarterly Dividend 10% to $0.11; 4.9% Yield

AES Corp (NYSE: AES) declared a quarterly dividend of $0.11 per share, or $0.44 annualized. This is a 10% increase from the prior dividend of $0.10.

The dividend will be payable on February 16, 2016, to stockholders of record on February 2, 2016, with an ex-dividend date of January 29, 2016.

The annual yield on the dividend is 4.9 percent.

"This marks the third consecutive annual increase since we instituted the dividend in 2012," said Andrés Gluski, AES President and Chief Executive Officer. "Consistently raising our dividend demonstrates management’s commitment to delivering a steady and growing dividend to shareholders."

"We continue to expect strong and growing cash flow, which is the basis for increases in our dividend. Delivering our targeted 10% annual dividend increase reflects our confidence in the future 10% growth of our free cash flow," said Tom O’Flynn, AES Executive Vice President and Chief Financial Officer.

For a dividend history and other dividend-related data on AES Corp (AES) click here.

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