American Electric Stock To Go Ex-dividend Tomorrow (AEP)
The ex-dividend date for American Electric Power (NYSE:AEP) is tomorrow, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $50.49 as of 9:31 a.m., the dividend yield is 3.8%.
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, May 8, 2013. Owners of shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $50.49 as of 9:31 a.m. ET, the dividend yield is 3.8%. The average volume for American Electric has been 2.7 million shares per day over the past 30 days. American Electric has a market cap of $24.83 billion and is part of the utilities sector and utilities industry. Shares are up 18.2% 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. The company generates electricity using coal and lignite, natural gas, nuclear energy, and hydroelectric energy. The company has a P/E ratio of 20, above 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 solid stock price performance, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full American Electric Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.