American Electric Power Company, Inc. (NASDAQ:AEP) Raises Dividend to $0.97 Per Share

American Electric Power Company, Inc. (NASDAQ:AEP) announced a quarterly dividend on Tuesday, October 20th. Investors of record on Tuesday, November 10th will be given a dividend of $0.97 per share on Thursday, December 10th. This represents a $3.88 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, November 10th. This is a 2.1% increase from American Electric Power’s previous quarterly dividend of $0.95.

American Electric Power has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 15 years. American Electric Power has a dividend payout ratio of 60.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Electric Power to earn $6.87 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 55.3%.

American Electric Power Trading Up 0.4%

American Electric Power stock traded up $0.56 during trading hours on Wednesday, reaching $127.78. The stock had a trading volume of 578,490 shares, compared to its average volume of 3,946,734. The company has a fifty day simple moving average of $122.75 and a 200-day simple moving average of $128.52. American Electric Power has a 52 week low of $112.54 and a 52 week high of $140.58. The stock has a market cap of $69.56 billion, a PE ratio of 21.91, a PEG ratio of 2.58 and a beta of 0.48. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.50 and a quick ratio of 0.38.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Thursday, July 30th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.12). American Electric Power had a return on equity of 9.95% and a net margin of 13.78%. The firm had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. American Electric Power has set its FY 2026 guidance at 6.250-6.550 EPS. Analysts forecast that American Electric Power will post 6.39 EPS for the current fiscal year.

American Electric Power Company Profile

American Electric Power (NASDAQ:AEP) is an electric utility holding company that generates, transmits and distributes electricity to residential, commercial, industrial and institutional customers. Through its operating companies, AEP provides regulated electric service and manages power generation assets using a mix of energy resources, including natural gas, coal, nuclear, hydroelectric and renewable energy.

AEP operates one of the largest electric transmission systems in the United States and supplies electricity across portions of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia.