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

American Electric Power Company, Inc. (NASDAQ:AEP) declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Monday, November 10th will be given a dividend of 0.95 per share on Wednesday, December 10th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date 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 payout ratio of 59.1% meaning 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 Trading Down 0.1%

AEP opened at $117.27 on Thursday. American Electric Power has a one year low of $89.91 and a one year high of $120.46. The stock has a market capitalization of $62.71 billion, a PE ratio of 17.14, a P/E/G ratio of 3.10 and a beta of 0.48. The business’s 50 day moving average price is $112.17 and its 200 day moving average price is $107.72. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.41 and a current ratio of 0.55.

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