The AES Corporation
AESUtilities · Utilities - Diversified · Stock · quarterly payer
Forward Yield
4.68%
Annual Dividend
$0.70
Payout Ratio
26%
5-Yr Growth
4.2%
Ex-Date
Oct 30, 2026
Frequency
Quarterly
Key facts about AES's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, The AES Corporation (AES) has a forward dividend yield of 4.68%, based on an annual dividend of $0.70 per share and a share price of $15.03.
- As of Oct 27, 2026, AES's dividend safety grade from SmarterDividends is A (87 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, The AES Corporation (AES) has raised its dividend for 12 consecutive years as of Oct 27, 2026.
- AES has never cut its regular dividend in the payment history SmarterDividends has on record.
- AES's next ex-dividend date is Oct 30, 2026, with payment on Nov 13, 2026. Shares must be owned before that date to receive the dividend.
- As of Oct 27, 2026, AES pays out 26% of its trailing 12-month earnings as dividends (its payout ratio).
- AES's dividend has grown at an average rate of 4.2% a year over the past five years.
- As of Oct 27, 2026, AES's 4.68% yield is 29% above its five-year average yield of 3.62%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for AES is $13.94 per share, 7% below the $15.03 share price, so AES screens as fairly valued.
- The AES Corporation (AES) pays its dividend quarterly, 4 times a year.
- The AES Corporation (AES) has raised its regular dividend 15 times and cut it 0 times across the 61 payments on record since 1992. Its most recent change was a 1.7% increase to $0.176 per share, going ex-dividend on Jan 31, 2025.
- AES (AES) has declared its first higher dividend of the year in December in 5 of the last 5 years; its most recent raise, 1.7%, was declared on Dec 6, 2024.
Cite this page
SmarterDividends, "AES Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/AES
Summary
As of Oct 27, 2026, The AES Corporation (AES) yields 4.68% ($0.70 a year per share), has a dividend safety grade of A (87/100) and has 12 consecutive years of dividend increases on record.
Is AES a good dividend stock?
YesThe AES Corporation (AES) pays a quarterly dividend yielding 4.68% ($0.70/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 12 consecutive years of dividend growth
- Never cut its dividend on record
- Comfortable payout ratio (26%)
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.68%
- Payout Ratio
- 26%
- Annual Dividend
- $0.70
- 5-Yr Avg Growth
- 4.2%
- Ex-Dividend Date
- Oct 30, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 0.95
- Market Cap
- $10.7B
- P/E Ratio
- 5.6
- 5-Yr Total Return
- -36%
- 52-Week Range
- $13.21 – $17.65
- Dividend Safety
- A · 87/100
- Ever Cut?
- No
AES dividend raises and cuts
The AES Corporation (AES) has raised its regular dividend 15 times and cut it 0 times across the 61 payments on record since 1992. Its most recent change was a 1.7% increase to $0.176 per share, going ex-dividend on Jan 31, 2025.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jan 31, 2025 | Raise | $0.173 → $0.176 | +1.7% |
| Jan 31, 2024 | Raise | $0.166 → $0.173 | +4.2% |
| Jan 31, 2023 | Raise | $0.158 → $0.166 | +5.1% |
| Jan 31, 2022 | Raise | $0.151 → $0.158 | +4.6% |
| Jan 28, 2021 | Raise | $0.143 → $0.151 | +5.6% |
| Jan 30, 2020 | Raise | $0.137 → $0.143 | +4.4% |
| Jan 31, 2019 | Raise | $0.130 → $0.137 | +5.4% |
| Jan 31, 2018 | Raise | $0.120 → $0.130 | +8.3% |
| Jan 30, 2017 | Raise | $0.110 → $0.120 | +9.1% |
| Jan 29, 2016 | Raise | $0.100 → $0.110 | +10.0% |
| Jan 30, 2015 | Raise | $0.0500 → $0.100 | +100.0% |
| Jan 30, 2014 | Raise | $0.0400 → $0.0500 | +25.0% |
Show all 15 changes since 1993
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 4, 1994 | Raise | $0.0405 → $0.0420 | +3.8% |
| Jul 19, 1993 | Raise | $0.0243 → $0.0405 | +66.7% |
| Feb 23, 1993 | Raise | $0.0162 → $0.0243 | +50.0% |
Frequently Asked Questions
Is AES a good dividend stock?
Yes. The AES Corporation (AES) pays a quarterly dividend yielding 4.68% ($0.70/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is AES undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AES's fair value is about $13.94 versus a $15.03 share price — so it looks fairly valued (-7% vs. fair value).
Is AES's dividend safe?
AES has a dividend-safety grade of A (87/100), based on its payout coverage, free-cash-flow, 12-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is AES's fair value?
Our blended fair-value estimate for AES is about $13.94 per share, about 7% below the current $15.03 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is AES a buy, hold, or sell?
We don't issue formal ratings, but on the data AES screens as "yes" and fairly valued. The AES Corporation (AES) pays a quarterly dividend yielding 4.68% ($0.70/yr), with 12 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will AES cut its dividend?
AES earns a dividend-safety grade of A (87/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does AES pay a dividend?
Yes. The AES Corporation pays a quarterly dividend of about $0.70 per share annually, a forward yield of roughly 4.68%.
What is AES's dividend yield?
As of Oct 27, 2026, AES's forward dividend yield is 4.68%, based on a $0.70 annual dividend and a $15.03 share price.
What is AES's dividend per share?
As of Oct 27, 2026, AES pays $0.70 per share per year, distributed on a quarterly basis.
What is AES's dividend payout ratio?
As of Oct 27, 2026, AES's payout ratio is 26% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has AES grown its dividend?
As of Oct 27, 2026, AES has increased its dividend for 12 consecutive years.
When is the next AES ex-dividend date?
As of Oct 27, 2026, the next ex-dividend date on record for AES is Oct 30, 2026.
AES Price — Last 12 Months
Daily close
Price Return
1 Year
+7%
3 Years
-13%
5 Years
-36%
52-Week Range
$13.21 – $17.65
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AES worth?
Fairly valuedlow confidenceOur blended fair-value estimate for The AES Corporation is $13.94 per share, versus a market price of $15.03. That implies the stock is roughly fairly priced.
Fair Value
$13.94
Current Price
$15.03
Gap
-7%
Margin of Safety
-8%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 39.5% annual free-cash-flow growth. We model 6.8% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.1% discount rate (CAPM), 6.8% growth for five years fading to 2.5% over the next five, $2.67 EPS, $0.70 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AES Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full AES dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 31, 2026 | Aug 14, 2026 | $0.1760 | regular |
| May 1, 2026 | May 15, 2026 | $0.1760 | regular |
| Jan 30, 2026 | Feb 13, 2026 | $0.1760 | regular |
| Oct 31, 2025 | Nov 14, 2025 | $0.1760 | regular |
| Aug 1, 2025 | Aug 15, 2025 | $0.1760 | regular |
| May 1, 2025 | May 15, 2025 | $0.1760 | regular |
| Jan 31, 2025 | Feb 14, 2025 | $0.1760 | regular |
| Nov 1, 2024 | Nov 15, 2024 | $0.1730 | regular |
| Aug 1, 2024 | Aug 15, 2024 | $0.1730 | regular |
| Apr 30, 2024 | May 15, 2024 | $0.1730 | regular |
| Jan 31, 2024 | Feb 15, 2024 | $0.1730 | regular |
| Oct 31, 2023 | Nov 15, 2023 | $0.1660 | regular |
| Jul 31, 2023 | Aug 15, 2023 | $0.1660 | regular |
| Apr 28, 2023 | May 15, 2023 | $0.1660 | regular |
Income Calculator
At $0.70 / yr per share
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