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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for American Electric Power (NYSE: AEP) is tomorrow, November 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 47 cents per share. At a price of $43.55 as of 9:30 a.m. ET, the dividend yield is 4.3%.

The average volume for American Electric has been 2.4 million shares per day over the past 30 days. American Electric has a market cap of $21.46 billion and is part of the utilities sector and utilities industry. Shares are up 7.1% year to date as of the close of trading on Monday.

American Electric Power Company, Inc., a public utility holding company, engages in the generation, transmission, and distribution of electric power to retail customers. It generates electricity using coal and lignite, natural gas, nuclear energy, and hydroelectric energy. The company has a P/E ratio of 14.8, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates American Electric as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full American Electric Ratings Report.

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