Discover why AES Corp (AES) stands out as a top dividend pick in the Dow Utilities arena

AES Corp (AES) has clinched the title of the ”Top Dividend Stock of the Dow Utilities” in a recent report by Dividend Channel. This accolade is a testament to the company’s compelling valuation metrics and robust profitability within the Dow Jones Utility Average. With a strong history of quarterly dividends and promising long-term growth rates, AES Corp shines as a beacon for dividend investors seeking value.

The Dow Jones Utility Average, established in 1929 to house utility stocks excluded from the Dow Jones Industrial Average, remains a pivotal index tracking leading utility firms in the U.S. This index provides valuable insight into the performance of prominent utility companies across the nation.

AES Corp currently boasts an annualized dividend of $0.69 per share, paid out quarterly, with the most recent dividend ex-date falling on 08/01/2024. Examining AES’s long-term dividend history, as depicted in the chart below, is crucial for investors evaluating the sustainability of the company’s dividend payouts.

Explore the top components of the Dow Utilities index and gain deeper insights into prominent utility companies shaping the market.

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Please note that the opinions expressed here are those of the author and may not align with those of Nasdaq, Inc.