American Electric Power Company, Inc. Plans Quarterly Dividend of $0.93 (NASDAQ:AEP)

American Electric Power Company, Inc. (NASDAQ:AEP) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Shareholders of record on Monday, February 10th will be given a dividend of 0.93 per share on Monday, March 10th. This represents a $3.72 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date is Monday, February 10th.

American Electric Power has raised its dividend by an average of 6.0% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. American Electric Power has a payout ratio of 59.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Electric Power to earn $5.86 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 63.5%.

American Electric Power Trading Down 0.3 %

Shares of NASDAQ AEP opened at $97.49 on Thursday. The business has a fifty day moving average price of $94.76 and a 200 day moving average price of $97.11. American Electric Power has a 1-year low of $75.22 and a 1-year high of $105.18. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.57 and a quick ratio of 0.41. The stock has a market capitalization of $51.88 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 2.76 and a beta of 0.56.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AEP shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $102.00 price target (down from $109.00) on shares of American Electric Power in a report on Thursday, December 12th. UBS Group boosted their price target on American Electric Power from $91.00 to $95.00 and gave the stock a “sell” rating in a research note on Thursday, November 7th. Barclays decreased their price objective on shares of American Electric Power from $100.00 to $99.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 26th. Morgan Stanley decreased their price target on shares of American Electric Power from $109.00 to $104.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Finally, BMO Capital Markets dropped their price objective on shares of American Electric Power from $108.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $98.00.

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.