American Electric Power Company (AEP) Dividend History & Yield
Dividend ContenderAmerican Electric Power Company (AEP) has increased its dividend for 17 consecutive years and currently yields 2.93%. The most recent dividend was $0.9500/share on Mar 10, 2026, paid Quarterly.
Current Yield
2.93%
TTM Dividend/Share
$3.78
Payment Frequency
Quarterly
Payout Ratio
55.8%
Consecutive Growth Years
17 (Dividend Contender)
Div Growth (1Y CAGR)
4.76%
Div Growth (5Y CAGR)
5.66%
Div Growth (10Y CAGR)
5.69%
AEP: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
8.6%
FCF payout ratio
8.5%
Net debt / EBITDA
5.9x
Interest coverage
2.49x
ROIC (TTM)
7.1%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 55.8%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($13.13) covers dividend/share ($3.78).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
17 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 8.5%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 5.9x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.7%) ≤ EPS growth (7.2%) — sustainable.
Per-payment dividend history
Ex-date May 8, 2026
- Payment date
- Jun 10, 2026
- Dividend
- $0.9500
- Adj. dividend
- $0.9500
Ex-date Feb 10, 2026
- Payment date
- Mar 10, 2026
- Dividend
- $0.9500
- Adj. dividend
- $0.9500
Ex-date Nov 10, 2025
- Payment date
- Dec 10, 2025
- Dividend
- $0.9500
- Adj. dividend
- $0.9500
Ex-date Aug 8, 2025
- Payment date
- Sep 10, 2025
- Dividend
- $0.9300
- Adj. dividend
- $0.9300
Ex-date May 9, 2025
- Payment date
- Jun 10, 2025
- Dividend
- $0.9300
- Adj. dividend
- $0.9300
Ex-date Feb 10, 2025
- Payment date
- Mar 10, 2025
- Dividend
- $0.9300
- Adj. dividend
- $0.9300
Ex-date Nov 8, 2024
- Payment date
- Dec 10, 2024
- Dividend
- $0.9300
- Adj. dividend
- $0.9300
Ex-date Aug 9, 2024
- Payment date
- Sep 10, 2024
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
Ex-date May 9, 2024
- Payment date
- Jun 10, 2024
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
Ex-date Feb 8, 2024
- Payment date
- Mar 8, 2024
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
Ex-date Nov 9, 2023
- Payment date
- Dec 8, 2023
- Dividend
- $0.8800
- Adj. dividend
- $0.8800
Ex-date Aug 9, 2023
- Payment date
- Sep 8, 2023
- Dividend
- $0.8300
- Adj. dividend
- $0.8300
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 8, 2026 | Jun 10, 2026 | $0.9500 | $0.9500 |
| Feb 10, 2026 | Mar 10, 2026 | $0.9500 | $0.9500 |
| Nov 10, 2025 | Dec 10, 2025 | $0.9500 | $0.9500 |
| Aug 8, 2025 | Sep 10, 2025 | $0.9300 | $0.9300 |
| May 9, 2025 | Jun 10, 2025 | $0.9300 | $0.9300 |
| Feb 10, 2025 | Mar 10, 2025 | $0.9300 | $0.9300 |
| Nov 8, 2024 | Dec 10, 2024 | $0.9300 | $0.9300 |
| Aug 9, 2024 | Sep 10, 2024 | $0.8800 | $0.8800 |
| May 9, 2024 | Jun 10, 2024 | $0.8800 | $0.8800 |
| Feb 8, 2024 | Mar 8, 2024 | $0.8800 | $0.8800 |
| Nov 9, 2023 | Dec 8, 2023 | $0.8800 | $0.8800 |
| Aug 9, 2023 | Sep 8, 2023 | $0.8300 | $0.8300 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
American Electric Power Company has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 17 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $3.7400 | — | — |
| 2025 | $3.5700 | $3.7400 | +4.8% |
| 2024 | $3.3700 | $3.5700 | +5.9% |
| 2023 | $3.1700 | $3.3700 | +6.3% |
| 2022 | $3.0000 | $3.1700 | +5.7% |
| 2021 | $2.8400 | $3.0000 | +5.6% |
| 2020 | $2.7100 | $2.8400 | +4.8% |
| 2019 | $2.5300 | $2.7100 | +7.1% |
| 2018 | $2.3900 | $2.5300 | +5.9% |
| 2017 | $2.2700 | $2.3900 | +5.3% |
| 2016 | $2.1500 | $2.2700 | +5.6% |
| 2015 | $2.0300 | $2.1500 | +5.9% |
| 2014 | $1.9500 | $2.0300 | +4.1% |
| 2013 | $1.8800 | $1.9500 | +3.7% |
| 2012 | $1.8500 | $1.8800 | +1.6% |
| 2011 | $1.7100 | $1.8500 | +8.2% |
| 2010 | $1.6400 | $1.7100 | +4.3% |
| 2009 | $1.6400 | $1.6400 | 0.0% |
| 2008 | $1.5800 | $1.6400 | +3.8% |
| 2007 | $1.5000 | $1.5800 | +5.3% |
| 2006 | $1.4200 | $1.5000 | +5.6% |
| 2005 | $1.4000 | $1.4200 | +1.4% |
| 2004 | $1.6500 | $1.4000 | -15.2% |
| 2003 | $2.4000 | $1.6500 | -31.3% |
| 2002 | $2.4000 | $2.4000 | 0.0% |
| 2001 | $2.4000 | $2.4000 | 0.0% |
| 2000 | $2.4000 | $2.4000 | 0.0% |
| 1999 | $2.4000 | $2.4000 | 0.0% |
| 1998 | $2.4000 | $2.4000 | 0.0% |
| 1997 | $2.4000 | $2.4000 | 0.0% |
| 1996 | $2.4000 | $2.4000 | 0.0% |
| 1995 | $2.4000 | $2.4000 | 0.0% |
| 1994 | $2.4000 | $2.4000 | 0.0% |
| 1993 | $2.4000 | $2.4000 | 0.0% |
| 1992 | $2.4000 | $2.4000 | 0.0% |
| 1991 | $2.4000 | $2.4000 | 0.0% |
| 1990 | $2.3600 | $2.4000 | +1.7% |
| 1989 | $2.3140 | $2.3600 | +2.0% |
| 1988 | $2.3400 | $2.3140 | -1.1% |
| 1987 | $2.2600 | $2.3400 | +3.5% |
| 1986 | $2.2600 | $2.2600 | 0.0% |
| 1985 | $2.2600 | $2.2600 | 0.0% |
| 1984 | $2.2600 | $2.2600 | 0.0% |
| 1983 | $2.2600 | $2.2600 | 0.0% |
| 1982 | $2.2600 | $2.2600 | 0.0% |
| 1981 | $1.6650 | $2.2600 | +35.7% |
| 1980 | $2.1900 | $1.6650 | -24.0% |
| 1979 | $2.1350 | $2.1900 | +2.6% |
| 1978 | $2.0750 | $2.1350 | +2.9% |
| 1977 | $2.0150 | $2.0750 | +3.0% |
| 1976 | $2.0000 | $2.0150 | +0.8% |
| 1975 | $1.4750 | $2.0000 | +35.6% |
| 1974 | $1.8500 | $1.4750 | -20.3% |
| 1973 | $1.7650 | $1.8500 | +4.8% |
| 1972 | $1.7000 | $1.7650 | +3.8% |
| 1971 | $1.6550 | $1.7000 | +2.7% |
| 1970 | — | $1.6550 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for American Electric Power Company (AEP) from the consolidated cash flow statement, in USD as filed.
Latest period
$2.03B
YoY change
+5.5%
5Y CAGR
+7.1%
Peak year (2025)
$2.01B
Latest annual
$2.01B
Cash dividends paid over time for American Electric Power Company (AEP)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for American Electric Power Company (AEP)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $2.01B | +5.5% | +$104.10M | ||
| 2024 | $1.90B | +8.2% | +$143.50M | ||
| 2023 | $1.76B | +7.0% | +$115.20M | ||
| 2022 | $1.65B | +8.3% | +$125.70M | ||
| 2021 | $1.52B | +6.6% | +$94.60M | ||
| 2020 | $1.42B | +5.5% | +$74.90M | ||
| 2019 | $1.35B | +7.9% | +$98.90M | ||
| 2018 | $1.25B | +6.2% | +$72.80M | ||
| 2017 | $1.18B | +5.5% | +$61.50M | ||
| 2016 | $1.12B | +5.5% | +$57.80M | ||
| 2015 | $1.06B | +6.5% | +$65.00M | ||
| 2014 | $994.00M | +4.2% | +$39.70M | ||
| 2013 | $954.30M | +4.2% | +$38.30M | ||
| 2012 | $916.00M | +2.0% | +$18.00M | ||
| 2011 | $898.00M | +9.0% | +$74.00M | ||
| 2010 | $824.00M | +8.7% | +$66.00M | ||
| 2009 | $758.00M | +14.8% | +$98.00M | ||
| 2008 | $660.00M | +4.8% | +$30.00M | ||
| 2007 | $630.00M | +6.6% | +$39.00M | ||
| 2006 | $591.00M | +6.9% | +$38.00M | ||
| 2005 | $553.00M | -0.4% | -$2.00M | ||
| 2004 | $555.00M | -10.2% | -$63.00M | ||
| 2003 | $618.00M | -22.1% | -$175.00M | ||
| 2002 | $793.00M | +1.9% | +$15.00M | ||
| 2001 | $778.00M | -3.4% | -$27.00M | ||
| 2000 | $805.00M | -3.4% | -$28.00M | ||
| 1999 | $833.00M | +81.9% | +$375.00M | ||
| 1998 | $458.00M | +1.0% | +$4.50M | ||
| 1997 | $453.50M | +0.9% | +$4.10M | ||
| 1996 | $449.40M | +0.8% | +$3.60M | ||
| 1995 | $445.80M | +0.6% | +$2.70M | ||
| 1994 | $443.10M | — | — |
The 2025 reading of American Electric Power Company (AEP) dividends paid is $2.01B – grew 5.5% year-over-year.
American Electric Power Company dividends paid has grown for 20 consecutive years, with a +7.1% compound annual growth rate over 2020–2025 (5 years).
The dataset's maximum dividends paid sits at $2.01B (2025); the minimum reading of $443.10M dates to 1994.
Among 8 Utilities peers, American Electric Power Company (AEP) ranks 5th; the peer median for dividends paid is $1.94B.
American Electric Power Company Dividends Paid 2025: $2.01B
American Electric Power Company dividends paid in 2025 was $2.01B, grew 5.5% from 2024. This figure represents the highest annual value in the available history.
American Electric Power Company Dividends Paid 2024: $1.90B
American Electric Power Company dividends paid in 2024 was $1.90B, grew 8.2% from 2023.
American Electric Power Company Dividends Paid 2023: $1.76B
American Electric Power Company dividends paid in 2023 was $1.76B, grew 7.0% from 2022.
American Electric Power Company Dividends Paid 2022: $1.65B
American Electric Power Company dividends paid in 2022 was $1.65B, grew 8.3% from 2021.
American Electric Power Company Dividends Paid 2021: $1.52B
American Electric Power Company dividends paid in 2021 was $1.52B.
See more financial history for American Electric Power Company (AEP).
Sector peers by dividends paid
Companies in the same sector as American Electric Power Company, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| NextEra Energy (NEE) | $4.68B | Utilities |
| Duke Energy (DUK) | $3.30B | Utilities |
| Southern Company (SO) | $3.02B | Utilities |
| Dominion Energy (D) | $2.28B | Utilities |
| Sempra (SRE) | $1.60B | Utilities |
| Entergy (ETR) | $1.07B | Utilities |
| Constellation Energy (CEG) | $486.00M | Utilities |
| GE Vernova (GEV) | $275.00M | Utilities |
Frequently asked questions
Does American Electric Power Company pay dividends?
Yes, American Electric Power Company (AEP) pays quarterly dividends of approximately $3.78 per share annually, yielding 2.93%.
What is American Electric Power Company's dividend yield?
American Electric Power Company (AEP) has a current dividend yield of 2.93%.
Is American Electric Power Company's dividend safe?
American Electric Power Company (AEP) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has American Electric Power Company increased its dividend?
American Electric Power Company (AEP) has 17 consecutive years of dividend increases.
What is American Electric Power Company's dividend payout ratio?
American Electric Power Company (AEP) has a dividend payout ratio of 55.8%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is American Electric Power Company's dividends paid?
Latest reported dividends paid for American Electric Power Company (AEP) is $2.03B (period ending March 31, 2026).
How has American Electric Power Company dividends paid changed year-over-year?
American Electric Power Company (AEP) dividends paid changed +5.5% year-over-year on the latest annual filing.
What is the long-term growth rate of American Electric Power Company dividends paid?
American Electric Power Company (AEP) dividends paid compound annual growth rate is +7.1% over the most recent 5 years available.
When did American Electric Power Company dividends paid hit its highest annual value?
American Electric Power Company dividends paid reached its highest annual value of $2.01B in 2025.
What was American Electric Power Company dividends paid in 2024?
American Electric Power Company (AEP) dividends paid in 2024 was $1.90B.
What was American Electric Power Company dividends paid in 2025?
American Electric Power Company (AEP) dividends paid in 2025 was $2.01B.
Explore more
AEP Overview
Company profile, financial tools, and key metrics
AEP Revenue Counter
Earns $702.81 every second. See per minute, hour, and day.
AEP Earnings Counter
Earns $115.86 per second net profit. See per minute, hour, and day.
AEP Economic Scale
Exceeds Jamaica's GDP. Compare with world economies.
AEP What If Invested
What if you had invested $1,000? See historical returns from any date.
AEP How It Makes Money
Discover visual breakdown of $22.16B in revenue — where it comes from and where it goes.
AEP Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
AEP Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
AEP Daily Price Character
Steady · 44.0% historical win rate (green days). Streaks & record days.
AEP Buybacks
Recent repurchase activity. Shareholder yield & SBC comparison.
AEP Stock Split History
1 split on record. Dates, ratios, and cumulative multiple.
AEP Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
AEP Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
AEP Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
AEP Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.