American Electric Power Company, Inc. (NASDAQ:AEP – Get Free Report) announced a quarterly dividend on Monday, July 20th. Shareholders of record on Monday, August 10th will be paid a dividend of 0.95 per share on Thursday, September 10th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, August 10th.
American Electric Power has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 15 years. American Electric Power has a payout ratio of 60.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect American Electric Power to earn $6.86 per share next year, which means the company should continue to be able to cover its $3.80 annual dividend with an expected future payout ratio of 55.4%.
American Electric Power Stock Performance
NASDAQ:AEP opened at $130.48 on Wednesday. The firm has a market cap of $70.99 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.40 and a beta of 0.52. American Electric Power has a fifty-two week low of $105.70 and a fifty-two week high of $140.58. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.39 and a current ratio of 0.53. The business has a 50 day moving average price of $131.26 and a 200-day moving average price of $128.92.
About American Electric Power
American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.
Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.
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