"For a ninth consecutive year, we are pleased to announce an increase to our dividend," said Martin J. Lyons, Jr., president and chief executive officer of Ameren Corporation. "This reflects the Ameren Board of Directors' confidence in our long-term sustainable growth strategy that is bringing value to our customers and providing strong results for our shareholders."

Lyons said Ameren anticipates dividend growth will be in line with the company's long-term earnings-per-share growth expectations and within a payout ratio of 55% to 70%. Future earnings growth opportunities will be driven by cash flow, investments and other business considerations.

The common share dividend is payable March 31, 2022, to shareholders of record at the close of business on March 9, 2022.

Separately, the board of directors of Union Electric Company, doing business as Ameren Missouri, declared regular quarterly cash dividends on all classes of Union Electric Company's preferred stock. These preferred stock dividends are payable May 15, 2022, to shareholders of record at the close of business on April 22, 2022.

In addition, the board of directors of Ameren Illinois Company declared regular quarterly cash dividends on all classes of Ameren Illinois Company's preferred stock. These preferred stock dividends are payable May 2, 2022, to shareholders of record at the close of business on April 11, 2022.

Ameren Corporation is a utitilty company based in St. Louis. Ameren serves natural gas and electric customers through its Ameren Missouri and Ameren Illinois rate-regulated utility subsidiaries. Ameren Illinois provides electric distribution and transmission service, as well as natural gas distribution service, while Ameren Missouri provides vertically integrated electric service and natural gas distribution service. Ameren Transmission Company of Illinois develops regional electric transmission projects. Ameren became a public company in 1952 and has paid a dividend every year since 1998.