American Electric Power Company, Inc. (AEP) has been named as a Top 10 dividend paying utility stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among utilities, AEP shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent AEP share price of $46.74 represents a price-to-book ratio of 1.4 and an annual dividend yield of 4.28% — by comparison, the average utility stock in Dividend Channel's coverage universe yields 3.9% and trades at a price-to-book ratio of 2.0. The report also cited the strong quarterly dividend history at American Electric Power Company, Inc., and favorable long-term multi-year growth rates in key fundamental data points.
AEP's Strong Dividend History Helps Get It To The Top 10
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