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

American Electric Power Company, Inc. (NASDAQ:AEP) announced a quarterly dividend on Tuesday, January 20th. Investors of record on Tuesday, February 10th will be paid a dividend of 0.95 per share on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, February 10th.

American Electric Power has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 15 years. American Electric Power has a payout ratio of 60.4% 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 $3.80 annual dividend with an expected future payout ratio of 60.4%.

American Electric Power Trading Down 0.6%

NASDAQ:AEP opened at $119.22 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.41. American Electric Power has a 1-year low of $96.85 and a 1-year high of $124.80. The firm has a market capitalization of $63.67 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 2.87 and a beta of 0.63. The business’s 50-day moving average price is $117.81 and its two-hundred day moving average price is $114.32.

American Electric Power (NASDAQ:AEP) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.01). American Electric Power had a net margin of 17.23% and a return on equity of 11.00%. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the company earned $1.85 earnings per share. The business’s revenue was up 10.9% compared to the same quarter last year. American Electric Power has set its FY 2025 guidance at 5.850-5.95 EPS. On average, equities analysts expect that American Electric Power will post 5.87 earnings per share for the current year.

About American Electric Power

American Electric Power (NASDAQ: AEP) is a major investor-owned electric utility headquartered in Columbus, Ohio. The company is primarily engaged in the generation, transmission and distribution of electricity, operating a diverse portfolio of power plants and an extensive high-voltage transmission network. AEP serves retail customers through its regulated utility subsidiaries and provides wholesale power and grid services across multiple regional markets in the United States.

Operations span the full utility value chain: AEP owns and operates generation assets that include fossil-fuel, natural gas, nuclear and hydropower facilities, and it has been adding renewable resources to its mix.