American Electric Power Company, Inc. (NASDAQ:AEP) has announced a quarterly dividend to be paid to investors on March 10th. Shareholders on record as of February 10th will receive $0.95 per share, which reflects an annual dividend yield of 3.2%. This marks a consistent growth, as the company has incrementally increased its dividend by an average of 0.1% each year over the past three years and has maintained this trend for 15 consecutive years. With a payout ratio of 60.4%, the dividend remains well-supported by the company’s earnings. Analysts project that American Electric Power will earn $6.29 per share next year, indicating continued capability to cover its annual dividend of $3.80.
As of the last trading session, AEP’s stock opened at $119.22, reflecting a decline of 0.6%. The company has a market capitalization of $63.67 billion, a price-to-earnings ratio of 17.38, and its debt-to-equity ratio stands at 1.41. Over the past year, AEP has traded between $96.85 and $124.80 and currently has 50-day and 200-day moving average prices of $117.81 and $114.32, respectively.
On October 29th, American Electric Power reported its quarterly earnings results, revealing an EPS of $1.80, which fell slightly short of analysts’ expectations. Despite this, the company’s revenue was reported at $6.01 billion, significantly exceeding the consensus estimate of $5.65 billion and showcasing a robust increase of 10.9% compared to the previous year.
Headquartered in Columbus, Ohio, American Electric Power is a prominent investor-owned electric utility, involved in all aspects of the electricity supply chain, including generation, transmission, and distribution. The company operates a diverse portfolio of power plants, including fossil-fuel, natural gas, nuclear, and hydropower facilities, and has been integrating more renewable energy resources into its operations.
Overall, the company’s stability and commitment to consistent dividend payouts are positive indicators for investors, reflecting a well-managed utility poised for ongoing growth in the dynamic energy landscape.