American Electric Company Inc. (ticker: AEP), is one of America’s largest electrical utilities, is increasing its quarterly dividend of $0.70 per share. This is an increase of 4.5% compared to the previous quarter ($0.67). On a yearly bases, the total dividend distribution to its shareholders is $ 2.80. The current 3 years dividend growth rate (DGR) is 5.57% and the payout ratio around 66%. AEP is often included in US retirement portfolios.
The current dividend yield is 2.97%, AEP trading at $94.15 (as of 10/23/2019). Since 1910, AEP has paid an uninterrupted quarterly dividend, so over 100+ years.
Headquartered in Columbus, Ohio, American Electric Power is one of the largest utilities in the US with approximately 18,000 employees. The company serves approximately 5.4 million customers in 11 states with electricity.