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

Providing investors with a relatively high-yield dividend, American Electric Power (NASDAQ: AEP) is an attractive option for those looking to bolster their passive income streams.However, smart investors know the importance of thoroughly investigating higher-yielding dividend stocks since the high payouts may actually be imperiling the company's financial health. Let's take a closer look at what electric utility American Electric Power has in store with its dividend in 2024.While American Electric Power has made quarterly dividend payments for 113 consecutive years, there have been periods where the dividend remained static from one year to the next. Since 2010, however, the company has transitioned toward consistently lifting its dividend higher each year. From 2010, when it paid $1.71 per share for the full year, through 2023, when its annual payout totaled $3.37 per share, American Electric Power has increased its dividend at a compound annual growth rate (CAGR) of 5.3%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool