American Electric Power Company, Inc. (NASDAQ:AEP) Announces Quarterly Dividend of $0.95

American Electric Power Company, Inc. (NASDAQ:AEP) announced a quarterly dividend on Tuesday, January 20th. Shareholders of record on Tuesday, February 10th will be given a dividend of 0.95 per share on Tuesday, March 10th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, February 10th.

American Electric Power has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. American Electric Power has a dividend payout ratio of 60.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Electric Power to earn $6.29 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 60.4%.

American Electric Power Trading Down 0.2%

NASDAQ AEP traded down $0.26 during trading hours on Wednesday, hitting $118.96. 182,264 shares of the company’s stock were exchanged, compared to its average volume of 3,095,509. The business’s 50 day moving average is $117.81 and its 200-day moving average is $114.32. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.69. American Electric Power has a 12-month low of $96.85 and a 12-month high of $124.80. The firm has a market capitalization of $63.54 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 2.87 and a beta of 0.63.

American Electric Power (NASDAQ:AEP) last issued its earnings results on Wednesday, October 29th. The company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.01). American Electric Power had a return on equity of 11.00% and a net margin of 17.23%.The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period last year, the business posted $1.85 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. As a group, analysts anticipate that American Electric Power will post 5.87 EPS for the current fiscal year.

American Electric Power Company Profile

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.