AES Corp (AES)
26 Aug 2016
Latest Key Developments (Source: Significant Developments)
AES Corp:Norway's $863 billion sovereign wealth fund, said on Thursday it had sold shares in 52 coal-dependent companies from its portfolio as part of a policy to fight climate change.A Reuters calculation showed the stakes sold were worth at least $1 billion at the end of 2014, before the fund started big divestments from coal.The biggest holdings included a $188 million stake in CLP Holdings.The fund listed U.S. firms American Electric Power Co Inc AEP.N, AES Corp AES.N and Allete Inc ALE.N among the firms, along with China Coal Energy Co Ltd 601898.SS and Coal India COAL.NS, the world's biggest coal miner by output.Global coal producer Peabody Energy Corp BTU.N, which filed for bankruptcy on Wednesday, was also on the list.The fund sent letters to the companies, but only five responded, it said in a statement. The fund declined to give an overall value of its divestments so far.The fund has a range of ethics criteria for excluding firms from its portfolio, including severe environmental damage, nuclear weapons making, tobacco production and certain labour conditions. Full Article
AES Corp:Lowers FY 2016 adjusted EPS guidance from $1.05-$1.15 to $0.95-$1.05. Full Article
AES Corp:Approved a 10% increase in the Company's quarterly common stock dividend, from $0.10 per share to $0.11 per share, beginning in the first quarter of 2016.Board will continue to review the dividend on an annual basis.Co's first quarterly 2016 common stock dividend of $0.11 per share is payable on February 16, 2016 to shareholders of record at the close of business on February 2, 2016. Full Article
AES Corp:Lowers FY 2015 Adjusted EPS range to $1.18-$1.25 from $1.25-$1.35. Full Article
BRASILIA/SAO PAULO The Brazilian government has rescheduled an auction to sell state-controlled Centrais Elétricas de Goiás SA as potential bidders failed to present some requirements within a deadline, signaling feeble interest for the ailing power distributor.