American Electric Power (AEP) Dividend
American Electric Power (AEP) currently pays a dividend yield of 3.17%, distributing $3.80 per share annually ($0.95 per quarter). The company operates in the Utilities sector.
AEP has raised its dividend for 16 consecutive years.
AEP dividend at a glance
| Dividend Yield | 3.17% |
|---|---|
| Annual Dividend | $3.80 per share |
| Per Payment | $0.95 |
| Payout Frequency | Quarterly |
| Payments per Year | 4 |
| Next Ex-Dividend Date | November 10, 2026 |
| Next Payment Date | December 11, 2026 |
| Payout Ratio | 66% |
| Consecutive Years of Dividend Growth | 16 |
| Sector | Utilities |
| Implied Share Price (from yield) | $119.87 |
What AEP pays on a $10,000 investment
At a 3.17% yield, $10,000 invested in AEP generates about $317.00 per year, or roughly $79.25 every quarter. Share counts below use an implied price of $119.87, derived from the $3.80 annual dividend and the 3.17% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Quarter |
|---|---|---|---|
| $1,000 | 8.3 | $31.70 | $7.93 |
| $5,000 | 41.7 | $158.50 | $39.63 |
| $10,000 | 83.4 | $317.00 | $79.25 |
| $25,000 | 208.6 | $792.50 | $198.13 |
| $100,000 | 834.2 | $3,170.00 | $792.50 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each quarter — see how the dividend snowball compounds.
AEP dividend payment schedule
AEP pays on a quarterly schedule — 4 payments a year. The next confirmed ex-dividend date is November 10, 2026, with payment on December 11, 2026. Later rows are projected forward at the same interval and will shift when American Electric Power declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| November 10, 2026 | December 11, 2026 | $0.95 | Confirmed |
| February 10, 2027 | March 13, 2027 | $0.95 | Projected |
| May 10, 2027 | June 10, 2027 | $0.95 | Projected |
| August 10, 2027 | September 10, 2027 | $0.95 | Projected |
To collect a AEP dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How AEP's dividend compares
Across the 714 dividend stocks and ETFs DivTrkr tracks, the median yield is 4.23%. AEP's 3.17% is 1.06 percentage points below that median, ranking 418th of 714 by yield.
Within Utilities, where we track 28 names, the median yield is 3.40% — putting AEP below its sector.
Its 16-year run of dividend increases ranks 89th out of the 363 names in our data with an active growth streak.
What the numbers mean
AEP pays out roughly 66% of its earnings as dividends. That is on the higher side — still common for utilities and consumer staples, but it leaves less cushion if earnings dip.
Like most US dividend payers, AEP distributes quarterly, so a full year of ownership produces four payments.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
AEP dividend FAQ
When is the next AEP ex-dividend date?
The next AEP ex-dividend date is November 10, 2026, with the payment scheduled for December 11, 2026. You must own shares before the ex-dividend date to receive that payment.
What is AEP's dividend yield?
AEP currently yields 3.17%, based on $3.80 in dividends per share over the past year.
How often does AEP pay dividends?
AEP pays quarterly, which works out to 4 payments per year of about $0.95 per share.
How much dividend income would $10,000 of AEP generate?
At the current 3.17% yield, $10,000 invested in AEP would produce roughly $317.00 per year, or about $79.25 per quarter, before taxes and assuming the dividend holds.
Has AEP increased its dividend?
Yes — AEP has raised its dividend for 16 consecutive years.
AEP dividend history
DivTrkr holds 223 recorded AEP dividend payments going back to 1970, with 16 consecutive complete years of increases and +5.8% a year of growth over the last five complete years. See the full AEP dividend history — every payment, annual totals and growth by year.
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Similar yields to AEP
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Track AEP dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.