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Ameren Corp. increases quarterly dividend

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The board of directors of Ameren Corporation on Friday declared a quarterly cash dividend on its common stock of 44 cents per share, a 3.5 percent increase from the prior quarterly cash dividend of 42.5 cents per share, resulting in an annualized equivalent dividend rate of$1.76 per share. The previous annualized equivalent dividend rate was $1.70 per share.

"We are pleased to announce an increase in our fourth quarter 2016 dividend," said Warner L. Baxter, chairman, president and CEO of Ameren Corporation. "This action reflects confidence in the outlook for our businesses and our ability to achieve our long-term earnings and rate base growth plans. Future dividend increases will be driven by earnings growth, cash flows and other business conditions."

The common share dividend is payable Dec. 30, 2016, to shareholders of record at the close of business on Dec. 7, 2016.

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 Feb. 15, 2017, to shareholders of record at the close of business on Jan. 20, 2017.

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 Feb. 1, 2017, to shareholders of record at the close of business on Jan. 9, 2017.

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