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Data last updated: Oct 14, 2026
Snapshot (as of Oct 14, 2026): American Electric Power Company, Inc. (AEP) pays a $3.78 annual dividend ($0.95 quarterly), yielding 3.06% at $125.65/share. Next ex-dividend date 2026-08-10. 21 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.06%
Annual Dividend: $3.78 per share
Payout Ratio: 65.5%
Ex-Dividend Date: 2026-08-10
Dividend Frequency: quarterly
Sector: Utilities
Years of Dividend History: 57
American Electric Power Company, Inc. dividend has been a fixture of the utility sector since the company's founding in 1906, built on generating, transmitting, and delivering electricity across the United States. AEP currently pays $3.80 per share annually, with quarterly payments of $0.95 and an ex-dividend date of August 10, 2026. The current yield stands at 3.17%. With a beta of 0.5, AEP stock moves at roughly half the volatility of the broader market, which suits income investors who prioritize predictability over price swings.
American Electric Power Company, Inc. pays out 65.2% of earnings as dividends, a payout ratio classified as elevated (60–75%). Electricity delivery to retail and wholesale customers, including municipalities and rural electric cooperatives, provides the recurring demand that supports this payout level. American Electric Power Company, Inc. dividend safety is anchored by that demand structure, but a payout above 65% leaves limited room to absorb earnings pressure without affecting the dividend.
American Electric Power Company, Inc. dividend history shows a CAGR of 5.2% per year from 2011 to 2025. The per-share payment grew from $1.85 to $3.74 over that period (2026 data is partial and excluded from this calculation). The smallest annual increase in the window was 1.6% in 2012, which sets a floor for what slow years have looked like. At 5.2% annualized, growth has outpaced inflation in most years, but income investors should not expect acceleration beyond that range based on the historical data.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +5.7% | $3.17 (2022) | $3.74 (2025) |
| 5-Year | +5.7% | $2.84 (2020) | $3.74 (2025) |
| 10-Year | +5.7% | $2.15 (2015) | $3.74 (2025) |
American Electric Power Company, Inc. fits income-focused investors who want a utility-backed dividend with a multi-decade payment record. The yield sits in the moderate (2–4%) range at 3.17%, which is above the stock's own 5-year average of 2.81%, meaning the current entry point offers a slightly richer yield than recent norms. Growth has been steady at 5.2% per year, though the 21-year streak of consecutive increases comes with a 65.2% payout ratio that leaves less cushion than lower-payout peers. What an investor gets here is a regulated electric utility paying a growing quarterly dividend. What they accept is a payout ratio that sits toward the upper end of the moderate range.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-10 | $0.9500 |
| 2026-05-08 | $0.9500 |
| 2026-02-10 | $0.9500 |
| 2025-11-10 | $0.9500 |
| 2025-08-08 | $0.9300 |
| 2025-05-09 | $0.9300 |
| 2025-02-10 | $0.9300 |
| 2024-11-08 | $0.9300 |
| 2024-08-09 | $0.8800 |
| 2024-05-09 | $0.8800 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.8500 |
| 2025 | $3.7400 |
| 2024 | $3.5700 |
| 2023 | $3.3700 |
| 2022 | $3.1700 |
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