How Much Would It Take To Earn $100 A Month From American Electric Power Stock
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American Electric Power Company, Inc. (NASDAQ:AEP), an electrical public utility holding company, generates, transmits and distributes electricity on the market to retail and wholesale customers in america.
It should report its Q4 2024 earnings on February 13. Wall Street analysts expect the corporate to post an EPS of $1.29, up from $1.23 within the year-ago period. Based on data from Benzinga Pro, quarterly revenue is anticipated to be $4.74 billion, up from $4.60 billion within the year-ago period.
The 52-week range of American Electric Power’s stock price was $75.22 to $105.17.
American Electric Power’s dividend yield is 3.83%. In the course of the last 12 months, it paid $3.72 per share in dividends.
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On Nov. 6, 2024, the corporate announced its Q3 2024 earnings, posting revenues of $5.42 billion, missing the consensus of $5.434 billion, as reported by Benzinga.
Industrial load increased greater than 10% yr over yr through the third quarter. Based on customer contracts signed thus far, the corporate projects industrial load to grow a median of 20% annually over the subsequent three years.
American Electric Power narrowed its 2024 adjusted operating earnings per share guidance from $5.53 – $5.73 to $5.58 – $5.68 vs. the consensus of $5.62. The corporate sees 2025 adjusted EPS of $5.75 – $5.95 vs. the consensus of $5.98. The corporate now expects a long-term growth rate outlook of 6% to eight% (vs. 6% to 7% prior).
If you desire to make $100 monthly – $1,200 annually – from American Electric Power dividends, your investment value must be roughly $31,332, which is around 322 shares at $97.25 each.
Understanding the dividend yield calculations: When estimating, you would like two key variables – the specified annual income ($1,200) and the dividend yield (3.83% on this case). So, $1,200 / 0.0383 = $31,332 to generate an income of $100 monthly.
You may calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.
The dividend yield can change over time resulting from fluctuating stock prices and dividend payments on a rolling basis.
For example, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield could be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to three.33% ($2/$60). A drop in stock price to $40 can have an inverse effect and increase the dividend yield to five% ($2/$40).
In summary, income-focused investors may find American Electric Power stock a lovely option for earning a gentle $100 monthly by owning 322 shares of stock.
Try this article by Benzinga for 3 more stocks offering high dividend yields.