OREANDA-NEWS. The Board of Directors ofThe AES Corporation (NYSE:AES) 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. The Board will continue to review the dividend on an annual basis.

“This marks the third consecutive annual increase since we instituted the dividend in 2012,” said Andr?s Gluski, AES President and Chief Executive Officer. “Consistently raising our dividend demonstrates management’s commitment to delivering a steady and growing dividend to shareholders.”

“We continue to expect strong and growing cash flow, which is the basis for increases in our dividend. Delivering our targeted 10% annual dividend increase reflects our confidence in the future 10% growth of our free cash flow,” said Tom O’Flynn, AES Executive Vice President and Chief Financial Officer.

The Company’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.