SOURCE: Industrial Info Resources

February 19, 2009 06:30 ET

Ameren Reduces Dividend and Cuts Expenditures by $800 Million, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 19, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Ameren Corporation (NYSE:AEE) (St. Louis, Missouri) has announced a fourth-quarter net income of $57 million, down 47% compared with $108 million year over year. In an effort to preserve cash, Ameren's board of directors has reduced the company's dividend rate by 39% to $1.54 per share. As part of our North American Industrial Database, Industrial Info is tracking 49 active Ameren projects worth $7.78 billion. The projects range from a $1.5 million maintenance outage to a $6 billion nuclear unit addition, which Industrial Info has been tracking this project since July 2003.

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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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