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AMEREN ILLINOIS 4 PFD - AILLP STOCK NEWS

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Ameren Corporation (NYSE:AEE) has announced a conference call to discuss its first quarter 2023 earnings on May 5, 2023, at 9 a.m. Central Time. The call will be led by Martin J. Lyons Jr, president and CEO, alongside Michael L. Moehn, senior executive vice president and CFO. Interested investors can access the live broadcast on AmerenInvestors.com. Supporting materials will be available under the "Investor News and Events" section. Ameren serves 2.4 million electric customers and over 900,000 natural gas customers across a 64,000-square-mile area through its subsidiaries. The company focuses on electric and natural gas services, including generation, transmission, and distribution.

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Ameren Corporation reported a significant year-over-year increase in 2022 earnings, with a net income of $1,074 million, or $4.14 per diluted share, up from $990 million, or $3.84 per share in 2021. Key factors included infrastructure investments, higher electric retail sales, and improved energy efficiency incentives. The company established 2023 diluted EPS guidance between $4.25 and $4.45, projecting a compound annual growth rate of 6% to 8% from 2023 to 2027. Despite some challenges, such as increased operations expenses and higher interest costs, Ameren remains focused on modernizing the energy grid and maintaining disciplined cost management.

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Ameren Corporation (NYSE: AEE) has declared a quarterly cash dividend of 63 cents per share, increasing by 7% from 59 cents per share. This marks the tenth consecutive year of dividend growth, bringing the annualized dividend rate to $2.52. The dividend is payable on March 31, 2023, to shareholders of record by March 15, 2023. Union Electric Company and Ameren Illinois Company also announced quarterly dividends on their preferred stock, payable on May 15, 2023 and May 1, 2023 respectively. Ameren maintains a payout ratio of 55% to 70% for future growth.

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Ameren Corporation (NYSE:AEE) will host a conference call on February 16, 2023, at 9 a.m. Central Time to discuss its fourth quarter 2022 earnings and provide guidance. CEO Martin J. Lyons Jr. and CFO Michael L. Moehn will present the call, which will also be broadcast live on AmerenInvestors.com. Ameren serves approximately 2.4 million electric and 900,000 natural gas customers across a 64,000-square-mile area. For further information, supporting materials will be available on their investor website, and a replay will be accessible for one year after the call.

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FAQ

What is the market cap of AMEREN ILLINOIS 4 PFD (AILLP)?

The market cap of AMEREN ILLINOIS 4 PFD (AILLP) is approximately 1.6B.
AMEREN ILLINOIS 4 PFD

NYSE:AILLP

AILLP Rankings

AILLP Stock Data

1.64B
487.51k
Hydroelectric Power Generation
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United States of America
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