Ameren boosts quarterly dividend to 63c per share from 59c

Ameren declared a quarterly cash dividend on its common stock of 63c per share, a 7% increase from the prior quarterly cash dividend of 59c per share, resulting in an annualized equivalent dividend rate of $2.52 per share. The previous annualized equivalent dividend rate was $2.36 per share. "Today’s increase affirms the Ameren Board of Directors’ confidence in our sustained long-term growth strategy, which includes a robust pipeline of future investments that will continue to modernize the grid, enable our transition to a cleaner energy future, drive increasing value for our customers and provide strong returns for our shareholders," the company said in a statement. Ameren anticipates dividend growth will be in line with the company’s long-term earnings per share growth expectations and within a payout ratio of 55% to 70%. The common share dividend is payable March 31, 2023, to shareholders of record at the close of business on March 15, 2023.