American Electric Power Company, Inc. (AEP) Ex-Dividend Date Scheduled for May 08, 2013


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American Electric Power Company, Inc. ( AEP ) will begin trading ex-dividend on May 08, 2013. A cash dividend payment of $0.49 per share is scheduled to be paid on June 10, 2013. Shareholders who purchased AEP stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 4.26% increase over the prior quarter. At the current stock price of $50.46, the dividend yield is 3.88%.

The previous trading day's last sale of AEP was $50.46, representing a -2.2% decrease from the 52 week high of $51.60 and a 34.81% increase over the 52 week low of $37.43.

AEP is a part of the Public Utilities sector, which includes companies such as Southern Company ( SO ) and Dominion Resources, Inc. ( D ). AEP's current earnings per share, an indicator of a company's profitability, is $2.55. Zacks Investment Research reports AEP's forecasted earnings growth in 2013 as 2.18%, compared to an industry average of 6.1%.

For more information on the declaration, record and payment dates, visit the AEP Dividend History page.

Interested in gaining exposure to AEP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AEP as a top-10 holding:

  • Select Sector SPDR Fund - Utilities ( XLU )
  • Vanguard Utilities ETF ( VPU )
  • iShares Dow Jones U.S. Utilities Index Fund ( IDU )
  • First Trust Utilities AlphaDEX Fund ( FXU )
  • Guggenheim S&P 500 Equal Weight Utilities ETF ( RYU ).

The top-performing ETF of this group is VPU with an increase of 14.4% over the last 100 days. XLU has the highest percent weighting of AEP at 4.81%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines Stocks
Referenced Stocks: AEP , D , FXU , IDU , RYU , SO , VPU , XLU

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