NYSE: AES
The AES Corporation
Utilities · Independent Power Producers
After hours: $14.59(-0.21%) · as of 8:00 PM ET
Market Cap
$10.43B
52w High
$17.65
52w Low
$10.02
P/E
7.81
Volume
8.52M
Outstanding Shares
713.16M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 38.97% over the last year. Revenue grew 3.04% over the trailing twelve months. Operating margin moved from 15.22% to 16.47%. Free cash flow grew 57.6% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 18th percentile of their historical P/E range.
What would invalidate this read
Operating margin is at 16.47%. Revenue grew 3.04% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
The AES Corporation operates as an international enterprise primarily focused on electricity generation and distribution.
Valuation
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 100 shares became 103
Every 2 shares became 3
Profitability & growth
Analyst consensus
9
Buy
12
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 30, 2026
Q3 FY26 · EPS est $0.53 · Revenue est $3.09B
View
Dividends
$0.70/shareQuarterlyDividend Achiever · 14yrAt RiskAES pays a dividend with a 4.81% dividend yield, 14 consecutive years of growth, growing at 3.67% annually, covered -3.2× by free cash flow.
Dividend Yield
4.81%
Annual Div / Share
$0.70
5yr CAGR
+3.67%
Doubles every ~19.2yr
Payout Ratio
37.44%
At Risk
Dividend Growth Rate
3yr CAGR
+2.8%
5yr CAGR
+3.67%
10yr CAGR
+5.3%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$4/mo
In 5 yrs
$5/mo
In 10 yrs
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$48/yr $4/mo | $58/yr+20% $5/mo | $69/yr+43% $6/mo |
Yield-on-cost grows from 4.81% → 6.91% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
AES has raised its dividend for 14 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -3.24× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.