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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