American Electric Power Company, Inc. (AEP) will begin trading ex-dividend on August 07, 2020. A cash dividend payment of $0.7 per share is scheduled to be paid on September 10, 2020. Shareholders who purchased AEP prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that AEP has paid the same dividend. At the current stock price of $84.83, the dividend yield is 3.3%.
The previous trading day's last sale of AEP was $84.83, representing a -19.19% decrease from the 52 week high of $104.97 and a 30.24% increase over the 52 week low of $65.14.
AEP is a part of the Public Utilities sector, which includes companies such as NextEra Energy, Inc. (NEE) and Dominion Energy, Inc. (D). AEP's current earnings per share, an indicator of a company's profitability, is $3.73. Zacks Investment Research reports AEP's forecasted earnings growth in 2020 as 1.22%, compared to an industry average of -2.1%.
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)
- Fidelity MSCI Utilities Index ETF (FUTY)
- Vanguard Utilities ETF (VPU)
- John Hancock Multifactor Utilities ETF (JHMU).
The top-performing ETF of this group is VPU with an increase of 4.72% over the last 100 days. XLU has the highest percent weighting of AEP at 5.01%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.