American Electric Power Company, Inc. (AEP) Ex-Dividend Date Scheduled for February 08, 2016
American Electric Power Company, Inc. ( AEP ) will begin trading ex-dividend on February 08, 2016. A cash dividend payment of $0.56 per share is scheduled to be paid on March 10, 2016. Shareholders who purchased AEP prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 5.66% increase over the same period a year ago.
The previous trading day's last sale of AEP was $62.29, representing a -2.11% decrease from the 52 week high of $63.63 and a 19.12% increase over the 52 week low of $52.29.
AEP is a part of the Public Utilities sector, which includes companies such as NextEra Energy, Inc. ( NEE ) and Southern Company ( SO ). AEP's current earnings per share, an indicator of a company's profitability, is $3.62. Zacks Investment Research reports AEP's forecasted earnings growth in 2016 as .76%, compared to an industry average of 2%.
Interested in gaining exposure to AEP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AEP as a top-10 holding:
- SPDR Select Sector Fund - Utilities ( XLU )
- iShares U.S. Utilities ETF ( IDU )
- Vanguard Utilities ETF - DNQ ( VPU )
- PowerShares DWA Utilities Momentum Portfolio ( PUI )
- Guggenheim S&P 500 Equal Weight Utilities ETF ( RYU ).
The top-performing ETF of this group is PUI with an increase of 14.07% over the last 100 days. XLU has the highest percent weighting of AEP at 5.4%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.