Ameren Corporation (NYSE:AEE) a Safe Dividend Play
Submitted by Eric Cheshier on Thu, 02/18/2010 - 18:08
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Ameren Corporation (NYSE:AEE) announced earnings today, results were its fourth-quarter net income rose to $82 million, or 34 cents a share, from $63 million, or 27 cents a share, in the year-earlier quarter. Total operating revenue fell to $1.68 billion from $1.91 billion, the electric and natural-gas company said. Ameren forecast 2010 earnings in the range of $2.20 to $2.60 a share.
If you're an income seeking investor, Ameren is a safe Dividend play for you. The company offers stable growth and high dividend yields.
The chart is also looking nice, channeling up. This could be a good time to get in on a stock that traded north of $40 a share in early 2009.
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