How Much Will American Electric Power Pay Out in Dividends This Year?

Core Viewpoint - American Electric Power (AEP) is an attractive option for income investors due to its relatively high-yield dividend, but thorough investigation is necessary to assess the sustainability of these payouts [1] Dividend Details - American Electric Power has paid quarterly dividends for 113 consecutive years, with a shift towards consistent annual increases since 2010, achieving a compound annual growth rate (CAGR) of 5.3% from $1.71 per share in 2010 to $3.37 per share in 2023 [2] - In the first two quarters of 2024, AEP paid dividends of $0.88 per share and projects a combined $1.82 per share for the third and fourth quarters, totaling approximately $1.9 billion in dividends for the year [3] Investor Sentiment - Utility stocks like American Electric Power are favored by conservative investors for steady passive income, as they operate in regulated markets ensuring predictable revenue streams [4] - AEP anticipates paying dividends of $2.1 billion in 2025, increasing to $2.2 billion in 2026, and further growing to $2.4 billion and $2.6 billion in 2027 and 2028, respectively [4]