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 6, 2014. Owners of shares as of market close today will be eligible for a dividend of 50 cents per share. At a price of $48.15 as of 9:50 a.m. ET, the dividend yield is 4.1%.

The average volume for American Electric has been three million shares per day over the past 30 days. American Electric has a market cap of $23.54 billion and is part of the utilities sector and utilities industry. Shares are up 3.8% year to date as of the close of trading on Tuesday.

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.

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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 revenue growth, impressive record of earnings per share growth, compelling growth in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full American Electric Ratings Report.

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