The AES Corporation
AESUtilities · Stock · quarterly payer
Forward Yield
4.77%
Annual Dividend
$0.70
Payout Ratio
37%
5-Yr Growth
4.2%
Ex-Date
Jul 31, 2026
Frequency
Quarterly
Summary
As of July 2026, The AES Corporation (AES) yields 4.77% ($0.70 per share annually), with a blended fair-value estimate of $27.36 — +85% upside, so it screens as undervalued. Dividend safety grade: A (84/100). 12 years of dividend growth.
Is AES a good dividend stock?
YesThe AES Corporation (AES) pays a quarterly dividend yielding 4.77% ($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 (37%)
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.77%
- Payout Ratio
- 37%
- Annual Dividend
- $0.70
- 5-Yr Avg Growth
- 4.2%
- Ex-Dividend Date
- Jul 31, 2026
- Years of Growth
- 12
- Frequency
- quarterly
- Beta
- 0.94
- Market Cap
- $10.5B
- P/E Ratio
- 7.7
- 5-Yr Total Return
- -38%
- 52-Week Range
- $12.33 – $17.65
- Dividend Safety
- A · 84/100
- Ever Cut?
- No
Frequently Asked Questions
AES Price — Last 12 Months
Daily close
Price Return
1 Year
+9%
3 Years
-18%
5 Years
-38%
52-Week Range
$12.33 – $17.65
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AES worth?
Undervaluedlow confidenceOur blended fair-value estimate for The AES Corporation is $27.36 per share, versus a market price of $14.77. That implies 85% of upside — a margin of safety of about 46%.
Fair Value
$27.36
Current Price
$14.77
Upside
+85%
Margin of Safety
46%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 8.1% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.0% discount rate (CAPM), 8.1% stage-1 growth, 2.5% terminal growth, $1.92 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 1, 2026 | — | $0.1760 | regular |
| Jan 30, 2026 | — | $0.1760 | regular |
| Oct 31, 2025 | — | $0.1760 | regular |
| Aug 1, 2025 | — | $0.1760 | regular |
| May 1, 2025 | — | $0.1760 | regular |
| Jan 31, 2025 | — | $0.1760 | regular |
| Nov 1, 2024 | — | $0.1730 | regular |
| Aug 1, 2024 | — | $0.1730 | regular |
| Apr 30, 2024 | — | $0.1730 | regular |
| Jan 31, 2024 | — | $0.1730 | regular |
| Oct 31, 2023 | — | $0.1660 | regular |
| Jul 31, 2023 | — | $0.1660 | regular |
| Apr 28, 2023 | — | $0.1660 | regular |
| Jan 31, 2023 | — | $0.1660 | regular |
Income Calculator
At $0.70 / yr per share
