Ameren Corporation (NYSE:AEE) a Safe Dividend Play

nyse:aeeAmeren 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.