Shares of AES Corp surged 5.13% in intraday trading on Monday, following the company's announcement of a 2% increase in its quarterly dividend payout.
The utility company declared a quarterly dividend of $0.17595 per share, up from the previous $0.1725. The dividend is payable on February 14, 2025, to shareholders of record as of January 31, 2025.
The dividend hike signals the company's strong financial position and commitment to rewarding its shareholders. Investors have responded positively to this move, driving up AES Corp's stock price in Monday's trading session.
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