American Electric Power Company, Inc. (AEP) To Go Ex-Dividend on May 8th

American Electric Power Company, Inc. (NASDAQ:AEP) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, May 8th will be given a dividend of 0.95 per share on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, May 8th.

American Electric Power has raised 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. Equities research analysts expect American Electric Power to earn $6.84 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 55.6%.

American Electric Power Stock Up 1.8%

AEP opened at $137.04 on Wednesday. The stock’s fifty day moving average is $132.70 and its 200-day moving average is $123.96. The company has a market capitalization of $74.49 billion, a PE ratio of 20.45, a P/E/G ratio of 3.16 and a beta of 0.56. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.33 and a current ratio of 0.45. American Electric Power has a one year low of $97.46 and a one year high of $139.44.

American Electric Power (NASDAQ:AEP) last announced its earnings results on Tuesday, May 5th. The company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.07. The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $5.72 billion. American Electric Power had a return on equity of 10.46% and a net margin of 16.37%.American Electric Power’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.54 earnings per share. American Electric Power has set its FY 2026 guidance at 6.120-6.420 EPS. On average, equities analysts predict that American Electric Power will post 6.33 EPS for the current fiscal year.

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.