American Electric Stock To Go Ex-dividend Tomorrow (AEP)

NEW YORK ( TheStreet) -- The ex-dividend date for American Electric Power (NYSE: AEP) is tomorrow, February 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $39.45 as of 9:30 a.m. ET, the dividend yield is 4.7%.

The average volume for American Electric has been 3.7 million shares per day over the past 30 days. American Electric has a market cap of $19.64 billion and is part of the utilities sector and utilities industry. Shares are down 4.1% year to date as of the close of trading on Monday.

American Electric Power Company, Inc., together with its subsidiaries, engages in the generation, transmission, and distribution of electric power to retail customers. The company generates electricity using coal and lignite, natural gas, nuclear, and hydroelectric energy. The company has a P/E ratio of 12.7, above the average utilities industry P/E ratio of 10.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates American Electric as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full American Electric Ratings Report.

See our dividend calendar or top-yielding stocks list.

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