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The AES Corporation (AES)
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AES Dividends

The AES Corporation (AES) pays $0.70 in dividends per share, with a current dividend yield of 4.81%. The company has dividend history for 13 consecutive years.

AES Dividend Summary

Consecutive Years

13

Most Recent Ex-Date

May 1, 2026

Most Recent Payment

May 15, 2026

AES Dividends per Share (Nominal History)

View full nominal table list

This step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.

AES Dividends CAGR Chart

The AES Corporation (AES)

Annual Dividend History

YearDividend/ShareYoY Growth
2026(YTD)$0.35
2025$0.70+2.00%
2024$0.69+3.98%
2023$0.66+5.00%
2022$0.63+4.98%
2021$0.60+5.02%
2020$0.57+4.98%
2019$0.55+5.00%
2018$0.52+8.33%
2017$0.48+9.09%
2016$0.44+10.00%
2015$0.40+100.00%
2014$0.20+25.00%
2013$0.16N/A
2012$0.04-4.76%
1994$0.04N/A
1993$0.11N/A
1992$0.15N/A
1991$0.13N/A

Quarterly Dividend History

QuarterDividend/ShareYoY Growth
Q2 2026$0.18+0.00%
Q1 2026$0.18+0.00%
Q4 2025$0.18+2.00%
Q3 2025$0.18+2.00%
Q2 2025$0.18+2.00%
Q1 2025$0.18+2.00%
Q4 2024$0.17+3.98%
Q3 2024$0.17+3.98%
Q2 2024$0.17+3.98%
Q1 2024$0.17+3.98%
Q4 2023$0.17+5.00%
Q3 2023$0.17+5.00%
Q2 2023$0.17+5.00%
Q1 2023$0.17+5.00%
Q4 2022$0.16+4.98%
Q3 2022$0.16+4.98%
Q2 2022$0.16+4.98%
Q1 2022$0.16+4.98%
Q4 2021$0.15+5.02%
Q3 2021$0.15+5.02%
Q2 2021$0.15+5.02%
Q1 2021$0.15+5.02%
Q4 2020$0.14+4.98%
Q3 2020$0.14+4.98%

Dividend Yield Metrics

Current Yield
4.81%
Average Yield (TTM)
4.81%
Average Yield (3Y)
4.69%
Forward Yield on Cost (3Y)
5.63%
Forward Yield on Cost (5Y)
6.25%
Forward Yield on Cost (10Y)
8.10%

Payout Ratio Analysis

Payout Ratio (Current)
37.45%
FCF Payout Ratio
N/A
Payout Ratio (3Y Avg)
88.07%
Payout Ratio (5Y Avg)
240.35%
FCF Payout (3Y Avg)
265.30%
FCF Payout (5Y Avg)
190.21%

An FCF payout above 100% means dividends exceeded the period's free cash flow, often because of temporarily depressed FCF (one-off capex or working-capital swings) rather than an unfunded dividend. Compare against the earnings payout ratio and the multi-year trend before drawing a conclusion.

Dividend Coverage

Payout Ratio
37.5%
Dividends / net income
FCF Payout Ratio
N/A
Dividends / free cash flow
Consecutive Years
13 years
Years with regular dividend payments
5Y Dividend Growth
4.2%
Compound annual dividend growth

About The AES Corporation

The AES Corporation operates as an international enterprise primarily focused on electricity generation and distribution. Its activities involve both the ownership and management of power plants, producing and supplying electricity to a diverse clientele that includes other utility companies, large industrial consumers, and various intermediate purchasers. Beyond generation, AES also functions as a utility provider, managing infrastructure to either produce or acquire, then transmit, distribute, and ultimately sell power directly to end-users across residential, commercial, industrial, and governmental sectors. The company is also an active participant in the wholesale electricity market. For power production, AES utilizes a broad spectrum of energy sources and advanced technologies. This includes conventional fuels like coal and natural gas, as well as a significant commitment to renewables such as hydroelectric, wind, solar, and biomass. Its renewable portfolio further incorporates energy storage solutions and landfill gas. With an operational generation capacity of approximately 31,459 megawatts, the company maintains a substantial global presence, conducting business in the United States, Puerto Rico, various nations across Central and South America (including El Salvador, Chile, Colombia, Argentina, Brazil, Mexico), the Caribbean, Europe, and Asia. Founded in 1981, the company was initially named Applied Energy Services, Inc., before officially rebranding to The AES Corporation in April 2000. Its corporate headquarters are located in Arlington, Virginia.

Arlington, VA
9,100 employees
Utilities / Independent Power Producers
Sector
Utilities
Industry
Independent Power Producers
CEO
Andres Ricardo Gluski Weilert