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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): American Electric Power Company, Inc. (AEP) pays a $3.80 annual dividend ($0.95 quarterly), yielding 3.11% at $122.31/share. Next ex-dividend date 2026-08-10. 21 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.11%
Annual Dividend: $3.80 per share
Payout Ratio: 65.2%
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 for income-focused investors since the company began generating and delivering electricity across the United States in 1906. AEP currently yields 3.11%, with a trailing annual dividend rate of $3.80 per share paid quarterly. The next ex-dividend date is August 10, 2026, with the most recent quarterly payment of $0.95 per share. A beta of 0.507 reflects low price volatility, which suits investors who prioritize income over capital gains.
American Electric Power Company, Inc. pays out 65.2% of earnings as dividends, a payout ratio classified as elevated (60–75%). Electricity generation, transmission, and delivery to retail and wholesale customers across the U.S. provides the recurring demand that supports this payout level. American Electric Power Company, Inc. dividend safety is worth examining in the context of that 65.2% ratio: there is limited room to absorb an earnings decline before the dividend comes under pressure.
Over the past 14 years, American Electric Power Company, Inc. dividend history shows a compound annual growth rate (CAGR) of 5.2% per year from 2011 to 2025. Per-share payments grew from $1.85 to $3.74 over that period (2026 data is partial and excluded from the CAGR calculation). The smallest annual increase in the window was 1.6% in 2012, while the largest reached 7.1% in 2019, showing that the pace of growth has varied meaningfully year to year.
| 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) |
AEP fits income-focused investors who want a utility-backed dividend with a moderate (2–4%) yield and low price volatility. At 3.11%, the current yield sits above the 5-year average of 2.76%, meaning buyers today are locking in a higher income rate than the historical norm. The 21-year streak of consecutive increases reflects a long commitment to growing the payout, though the 65.2% payout ratio leaves less cushion than lower-ratio peers. What an investor gets here is steady, growing income from an essential-service business. The trade-off is a payout ratio that leaves limited margin for error if earnings soften.
| 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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