American Electric Power Company, Inc. (NYSE:AEP) will begin trading ex-dividend on August 7, 2020. The quarterly dividend payment of $ 0.70 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.
Dividends History
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Recent Earnings Announcement
American Electric Power Company, Inc. announced income for the second quarter of $ 1.08 per share, from the revenue of $ 3,500.00 million. The quarterly earnings raised 8.00 percent while revenues reduced 2.78 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.06 per share from $ 3872.06 million in revenue. The bottom line results beat street analysts by $ 0.02 or 1.89 percent, at the same time, top line results fell short of analysts by $ 372.06 million or 9.61 percent.
Stock Performance
According to the previous trading day, closing price of AEP was $ 85.37, representing a 31.06 % increase from the 52 week low of $ 65.14 and a 18.67 % decrease over the 52 week high of $ 104.97.
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The company has a market capital of $ 42.31 billion and is part of the Utilities sector and Utilities – Regulated Electric industry.
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. The company generates electricity using coal and lignite, natural gas, nuclear, hydroelectric, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants.
