Ameren Corp | $4.30 Series Cumul Preferred Stock (UEPCP)
Prospectus excerpt: Union Electric Co., $4.30 Series Cumulative Preferred Stock, stated value $100 per share, redeemable any time at the company's option at $105.00 plus accrued and unpaid dividends, and not subject to mandatory redemption. Distributions of $4.30 (4.30%) per annum are paid quarterly on 2/15, 5/15, 8/15 & 11/15. Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders. Union Electric Co. is a wholly-owned subsidiary of Ameren Corp. (NYSE: AEE).
,
AEE Page »
| Redeemable?: | Yes | | Call Date: | 5/4/2023 (Now Trading Post Call Date) | | Perpetual?: | Yes | | Cumulative?: | Yes | | Liquidation Preference: | $100.00 | | Original Coupon: | 4.30% | | Pay Period: | Quarterly | | Pay Dates: | 15-Feb, 15-May, 15-Aug, 15-Nov | | "Compliance Score" Rating: |
Learn UEPCP's Rating
|
|
Ameren Corporation is a public utility holding company. Co. operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. The Ameren Missouri segment includes all of the operations of Ameren Missouri. Ameren Missouri operates a rate-regulated electric generation, transmission, and distribution business and a rate-regulated natural gas distribution business in Missouri. The Ameren Illinois Electric Distribution segment consists of the electric distribution business of Ameren Illinois. The Ameren Illinois Natural Gas segment consists of the natural gas business of Ameren Illinois. Preferreds: UEPEO, UELMO, UEPCN, UEPCO, UEPCP, UEPEN, AILLP, UEPEM, AILIH, AILIO, AILIM, AILLM, AILIN, AILIP, UEPEP, AILLI, AILLN, AILLO
Open the AEE Information Page » |
UEPCP is Ameren Corporation's $4.30 Series Cumulative Preferred Stock. Ameren is a regulated electric and gas utility company serving customers through utility subsidiaries in Missouri and Illinois. This preferred stock ranks ahead of AEE common shares in the capital structure.
Ameren and its utility subsidiaries generally use preferred financing to support long-term infrastructure investment, utility capital spending, and balance sheet flexibility. Investors evaluating UEPCP typically compare the 4.30% coupon, cumulative dividend treatment, quarterly dividend schedule, $100.00 liquidation preference, and call risk around the 5/4/2023 call date against current yield, dividend history, trading price, and other utility preferred securities.
Browse preferred stock yield screens, safer-income pages, offerings research, valuation and liquidation-preference screens, and related market idea pages from across the channel network. These links are grouped by topic to make the list easier to scan.
Preferred Yield and Income Screens
Core PreferredStockChannel pages focused on high-yield preferreds, socially responsible income ideas, and safer-income preferred research.
Offerings, Structure, and Screening Tools
Pages for recent preferred offerings, preferreds by index membership or industry, and insider-related screening ideas.
Premium, Discount, and Relative Value Screens
Pages centered on preferred stock pricing relative to liquidation preference and comparative value signals.
Dividend and Cross-Network Income Research
Related dividend and income pages from across the network that support preferred-stock investors comparing income vehicles.
Analyst and Broader Market Research
Broader analyst and market pages that remain part of the live homepage inventory.
|
Free Email Alerts:
