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The AES Corporation (NYSE:AES) is expected to release earnings results for its fourth quarter, after the closing bell on Feb. 26, 2024.
Analysts expect the Arlington, Virginia-based company to report quarterly earnings at 67 cents per share, up from year-ago earnings of 49 cents per share. Ameren is projected to post revenue of $3.36 billion, compared to $3.06 billion in the year-earlier quarter, according to data from Benzinga Pro.
AES recently announced the completion of 3.5 GW of renewables projects in 2023, nearly doubling the capacity constructed compared to 2022.
With the recent buzz around AES, some investors may be eyeing potential gains from the company’s dividends too. As of now, AES offers an annual dividend yield of 4.19%, which is a quarterly dividend amount of 17.25 cents per share (67 cents a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $143,280 or around 8,955 shares. For a more modest $100 per month or $1,200 per year, you would need $28,656 or around 1,791 shares.
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To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.67 in this case). So, $6,000 / $0.67 = 8,955 ($500 per month), and $1,200 / $0.67 = 1,791 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock's current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
AES Price Action: Shares of AES closed at $16.00 on Friday.
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Posted In: AES
