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Dividends for American Electric Power Company (AEP)

Track American Electric Power Company (AEP)'s dividend history, current yield, payout ratio, growth streak and safety score — with per-payment records and ex-dividend dates.

Analysis

Current Yield

2.93%

TTM Dividend/Share

$3.78

Payment Frequency

Quarterly

Payout Ratio

55.8%

Consecutive Growth Years

17 (Dividend Contender)

Key takeaways

  • Dividend Contender — American Electric Power Company (AEP) has raised its dividend for 17 consecutive years.
  • American Electric Power Company (AEP) currently yields 2.93%, paying $3.78 per share over the trailing twelve months, distributed quarterly.
  • Payout ratio is 55.8% — the share of earnings distributed as dividends.
  • 7 of 8 dividend safety checks passed.
  • 5-year dividend CAGR of 5.66% (growth is decelerating).

Dividend yield valuation for American Electric Power Company (AEP)

Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.

Valuation zone
Below average — potentially overvalued
Current yield (now)
2.93%
1-year average yield
3.36%now 0.43 pp below
3-year average yield
3.81%now 0.88 pp below
5-year average yield
3.64%now 0.71 pp below

AEP: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.

Dividend health for American Electric Power Company (AEP)

Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.

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 for American Electric Power Company (AEP)

Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.

7 of 8 checks passed

Payout ratio below 75%

Payout ratio is 55.8%, well below the 75% threshold.

Free cash flow covers dividend

TTM FCF after dividends is $4.1B — FCF fully covers the payout.

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.

This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.

Per-payment dividend history

224 payments from 1970 to 2026 · Adj. Dividend is split-adjusted

  • May 8, 2026$0.9500
  • Feb 10, 2026$0.9500
  • Nov 10, 2025$0.9500
  • Aug 8, 2025$0.9300
  • May 9, 2025$0.9300
  • Feb 10, 2025$0.9300
  • Nov 8, 2024$0.9300
  • Aug 9, 2024$0.8800
  • May 9, 2024$0.8800
  • Feb 8, 2024$0.8800
  • Nov 9, 2023$0.8800
  • Aug 9, 2023$0.8300

Historical dividend yield for American Electric Power Company (AEP)

Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 3.36%5Y: 3.64%10Y: 3.49%

Dividend per share for American Electric Power Company (AEP)

CAGR (per year)1Y: 4.76%5Y: 5.66%10Y: 5.69%↓ Decelerating

Adjusted dividend per share by calendar year
YearTotal ($/share)Payments
1970$1.664
1971$1.704
1972$1.764
1973$1.854
1974$1.483
1975$2.004
1976$2.024
1977$2.084
1978$2.134
1979$2.194
1980$1.673
1981$2.264
1982$2.264
1983$2.264
1984$2.264
1985$2.264
1986$2.264
1987$2.344
1988$2.314
1989$2.364
1990$2.404
1991$2.404
1992$2.404
1993$2.404
1994$2.404
1995$2.404
1996$2.404
1997$2.404
1998$2.404
1999$2.404
2000$2.404
2001$2.404
2002$2.404
2003$1.654
2004$1.404
2005$1.424
2006$1.504
2007$1.584
2008$1.644
2009$1.644
2010$1.714
2011$1.854
2012$1.884
2013$1.954
2014$2.034
2015$2.154
2016$2.274
2017$2.394
2018$2.534
2019$2.714
2020$2.844
2021$3.004
2022$3.174
2023$3.374
2024$3.574
2025$3.744
2026$1.902

Dividend growth for American Electric Power Company (AEP)

Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.

Dividend Increase Track Record

Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.

  • 2026—
  • 2025$3.7400
  • 2024$3.5700
  • 2023$3.3700
  • 2022$3.1700
  • 2021$3.0000
  • 2020$2.8400
  • 2019$2.7100
  • 2018$2.5300
  • 2017$2.3900
  • 2016$2.2700
  • 2015$2.1500
  • 2014$2.0300
  • 2013$1.9500
  • 2012$1.8800
  • 2011$1.8500
  • 2010$1.7100
  • 2009$1.6400
  • 2008$1.6400
  • 2007$1.5800
  • 2006$1.5000
  • 2005$1.4200
  • 2004$1.4000
  • 2003$1.6500
  • 2002$2.4000
  • 2001$2.4000
  • 2000$2.4000
  • 1999$2.4000
  • 1998$2.4000
  • 1997$2.4000
  • 1996$2.4000
  • 1995$2.4000
  • 1994$2.4000
  • 1993$2.4000
  • 1992$2.4000
  • 1991$2.4000
  • 1990$2.4000
  • 1989$2.3600
  • 1988$2.3140
  • 1987$2.3400
  • 1986$2.2600
  • 1985$2.2600
  • 1984$2.2600
  • 1983$2.2600
  • 1982$2.2600
  • 1981$2.2600
  • 1980$1.6650
  • 1979$2.1900
  • 1978$2.1350
  • 1977$2.0750
  • 1976$2.0150
  • 1975$2.0000
  • 1974$1.4750
  • 1973$1.8500
  • 1972$1.7650
  • 1971$1.7000
  • 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.

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