Ameren (NYSE:AEE) will hand out a new quarterly dividend identical to those of its predecessors. The firm will distribute $0.40 per share of its common stock on June 28 to shareholders of record as of June 12. This amount keeps the payout in line with the company's previous six disbursements, which have been handed out in each quarter dating back to Dec. 2011.
Prior to that, Ameren paid $0.385 per share.
The company has a long tradition of regularly paying out dividends, although it rarely adjusts the amount. Since 2000, its payout has ranged from $0.385 to $0.635.
The current dividend annualizes to $1.60 per share. That yields 4.5% at Ameren's most recent closing stock price of $35.91.
Fool contributor Eric Volkman has no position in Ameren, and neither does The Motley Fool. 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.
More from The Motley Fool
3 Stocks That Just Increased Their Dividends
One of these stocks offers both a high dividend yield and rapid dividend growth.
These Stocks Just Raised Their Dividends
As earnings season heats up, our picks among the many firms lifting their payouts are a coatings and sealants maker, a utility, and a fast food giant.
Ameren Declares Quarterly Dividend
Ninth straight quarter of $0.40 per share distributions.