American Electric Power Company, Inc. (NASDAQ:AEP) Announces Dividend Increase – $0.95 Per Share

American Electric Power Company, Inc. (NASDAQ:AEP) announced a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Monday, November 10th will be paid a dividend of 0.95 per share on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, November 10th. This is a 2.2% increase from American Electric Power’s previous quarterly dividend of $0.93.

American Electric Power has a dividend payout ratio of 59.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 $3.72 annual dividend with an expected future payout ratio of 59.1%.

American Electric Power Stock Performance

Shares of NASDAQ AEP opened at $117.27 on Thursday. The firm has a fifty day moving average price of $112.17 and a 200-day moving average price of $107.72. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.55 and a quick ratio of 0.41. The stock has a market cap of $62.71 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 3.10 and a beta of 0.48. American Electric Power has a 1 year low of $89.91 and a 1 year high of $120.46.

American Electric Power (NASDAQ:AEP) last posted its earnings results on Wednesday, July 30th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.16. The company had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.85 billion. American Electric Power had a net margin of 17.68% and a return on equity of 11.55%. American Electric Power’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.25 earnings per share. American Electric Power has set its FY 2025 guidance at 6.570-6.770 EPS. Equities analysts anticipate that American Electric Power will post 5.87 earnings per share for the current fiscal year.

American Electric Power Company Profile

American Electric Power Company, Inc, an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments.