American Electric Power Company, Inc. (AEP) to Issue Quarterly Dividend of $0.97 on December 10th

American Electric Power Company, Inc. (NASDAQ:AEP) declared a quarterly dividend on Tuesday, October 20th. Stockholders 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 dividend 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 increased its dividend payment by an average of 0.1% annually over the last three years and has increased 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 $6.87 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 Price Performance

Shares of NASDAQ:AEP opened at $127.39 on Thursday. The company has a 50 day moving average of $122.80 and a 200 day moving average of $128.49. The company has a current ratio of 0.50, a quick ratio of 0.38 and a debt-to-equity ratio of 1.44. The stock has a market cap of $69.35 billion, a P/E ratio of 21.85, a P/E/G ratio of 2.63 and a beta of 0.48. American Electric Power has a 12 month low of $112.54 and a 12 month high of $140.58.

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

About American Electric Power

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.