Ameren Corporation Increases its Quarterly Cash Dividend by 7.3%, Marking the Ninth Consecutive Year of Growth | News

ST. LOUIS, February 11, 2022 /PRNewswire/ — The Board of Directors of Ameren Corporation (NYSE: AEE) today declared a quarterly cash dividend on its common stock of 59 cents per share, an increase of 7.3% over the previous quarterly cash dividend of 55 cents per share, resulting in an annualized equivalent dividend rate of $2.36 per share. The previous annualized equivalent dividend rate was $2.20 per share.

“For a ninth consecutive year, we are pleased to announce an increase in our dividend,” said Martin J. Lyons, Jr.President and CEO of Ameren Corporation. “This reflects the confidence of Ameren’s Board of Directors in our long-term sustainable growth strategy that delivers value to our customers and delivers strong results to our shareholders.”

Lyons said Ameren expects dividend growth to be in line with the company’s long-term earnings-per-share growth expectations and within a payout ratio of 55% to 70%. Future earnings growth opportunities will be driven by cash flow, investments and other business considerations.

The common stock dividend is payable March 31, 2022to shareholders of record at the close of business on March 9, 2022.

In addition, the Board of Directors of Union Electric Company, doing business as Ameren Missouri, has declared regular quarterly cash dividends on all classes of Union Electric Company preferred stock. These preferred stock dividends are payable May 15, 2022to shareholders of record at the close of business on April 22, 2022.

In addition, the Ameren Illinois Company Board of Directors has declared regular quarterly cash dividends on all classes of Ameren Illinois Company preferred stock. These preferred stock dividends are payable May 2, 2022to shareholders of record at the close of business on April 11, 2022.

About Ameren Corporation

Saint LouisAmeren Corporation, based in Ameren, improves the quality of life for 2.4 million electric customers and more than 900,000 natural gas customers in a 64,000 square mile area through its rate utility subsidiaries regulated Ameren Missouri and Ameren Illinois. Ameren Illinois provides electric power transmission and distribution services and natural gas distribution services. Ameren Missouri provides electric power generation, transmission and distribution services, as well as natural gas distribution service. Ameren Transportation Company of Illinois operates a rate-regulated electric transmission business in the Midcontinent Independent System Operator, Inc. For more information, visit Ameren.com or follow us on Twitter at @AmerenCorpFacebook.com/AmerenCorp or LinkedIn.com/company/Ameren.

Forward-looking statements

Statements in this release that are not based on historical facts are considered “forward-looking” and, therefore, involve risks and uncertainties that could cause actual results to differ materially from those discussed. Although these forward-looking statements have been made in good faith and are based on reasonable assumptions, there can be no assurance that the expected results will be achieved. These statements include (but are not limited to) statements regarding future expectations, beliefs, plans, projections, strategies, targets, estimates, objectives, events, conditions and financial performance. Pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, we provide this cautionary statement to identify important factors that could cause actual results to differ materially from those anticipated. In addition to the factors discussed in this release, Ameren’s Annual Report on Form 10-K for the year ended December 31, 2020its quarterly report on Form 10-Q for the quarter ended September 30, 2021, and its other reports filed with the Securities and Exchange Commission under the Securities Exchange Act of 1934 contain a list of factors and an analysis of the risks that could cause actual results to differ materially from management’s expectations suggested in such “forward-looking” statements. All “forward-looking” statements included in this release are based on information currently available, and Ameren, except to the extent required by federal securities laws, undertakes no obligation to publicly update or revise any statements. “forward-looking” to reflect new information or news.

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SOURCEAmeren Corporation

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