AES Announces Quarterly Dividend

Rhea-AI Summary

The Board of Directors of AES has declared a quarterly dividend of $0.1433 per share, payable on August 18, 2020, to shareholders of record by August 3, 2020. This follows a strong financial performance, with 2019 revenues reaching $10 billion and total assets of $34 billion. The company continues to provide affordable and sustainable energy across 14 countries, showcasing its commitment to operational excellence amidst changing power needs.

Positive

• Declared quarterly dividend of $0.1433 per share.
• 2019 revenues of $10 billion.
• Total assets amounting to $34 billion.

Negative

• None.

ARLINGTON, Va., July 20, 2020 /PRNewswire/ -- The Board of Directors of The AES Corporation (NYSE: AES) declared a quarterly common stock dividend of $0.1433 per share payable on August 18, 2020 to shareholders of record at the close of business on August 3, 2020.

Additional information regarding dividends paid by AES, including tax treatment, can be found on www.aes.com by selecting "Investors" and then "Dividend History."

About AES

The AES Corporation (NYSE: AES) is a Fortune 500 global power company.  We provide affordable, sustainable energy to 14 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities.  Our workforce is committed to operational excellence and meeting the world's changing power needs.  Our 2019 revenues were $10 billion and we own and manage $34 billion in total assets.  To learn more, please visit www.aes.com.  Follow AES on Twitter @TheAESCorp.

Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning of the Securities Act of 1933 and of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, those related to future earnings, growth and financial and operating performance. Forward-looking statements are not intended to be a guarantee of future results, but instead constitute AES' current expectations based on reasonable assumptions. Forecasted financial information is based on certain material assumptions. These assumptions include, but are not limited to, our expectations regarding the COVID-19 pandemic, accurate projections of future interest rates, commodity price and foreign currency pricing, continued normal levels of operating performance and electricity volume at our distribution companies and operational performance at our generation businesses consistent with historical levels, as well as the execution of PPAs, conversion of our backlog and growth investments at normalized investment levels and rates of return consistent with prior experience.

Actual results could differ materially from those projected in our forward-looking statements due to risks, uncertainties and other factors. Important factors that could affect actual results are discussed in AES' filings with the Securities and Exchange Commission (the "SEC"), including, but not limited to, the risks discussed under Item 1A: "Risk Factors" and Item 7: "Management's Discussion & Analysis" in AES' 2019 Annual Report on Form 10-K and in subsequent reports filed with the SEC. Readers are encouraged to read AES' filings to learn more about the risk factors associated with AES' business. AES undertakes no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

Any Stockholder who desires a copy of the Company's 2019 Annual Report on Form 10-K filed February 27, 2020 with the SEC may obtain a copy (excluding Exhibits) without charge by addressing a request to the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson Boulevard, Arlington, Virginia 22203. Exhibits also may be requested, but a charge equal to the reproduction cost thereof will be made. A copy of the Form 10-K may be obtained by visiting the Company's website at www.aes.com.

View original content to download multimedia:http://www.prnewswire.com/news-releases/aes-announces-quarterly-dividend-301096357.html

SOURCE The AES Corporation

FAQ

What is the dividend amount declared by AES?

AES declared a quarterly dividend of $0.1433 per share.

When will the AES dividend be paid?

The AES dividend will be paid on August 18, 2020.

What is the record date for the AES dividend?

The record date for the AES dividend is August 3, 2020.

How often does AES pay dividends?

AES typically pays dividends quarterly.

What are AES's revenues for 2019?

AES reported revenues of $10 billion for 2019.