Company: American Electric Power (AEP)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: American Electric Power is one of the largest regulated utilities in the United States, providing electricity generation, transmission, and distribution to more than 5 million customers in 11 states. About 42% of AEP’s of capacity is coal, with the remainder from a mix of natural gas (27%), renewable energy and hydro (21%), nuclear (8%), and demand response (2%). Vertically integrated utilities, transmission and distribution, and generation and marketing support earnings. -Morningstar.com-
Symbol: AEP
Recent Price: $98.84
Dividends: $3.52
Yield: 3.56%
Sector: Utilities
Industry: Utilities-Regulated Electric
Address & Company Phone #: 1 Riversi Plaza Box 16631 Columbus OH 43215, 614-716-1000
Transfer Agent: Computershare 800-328-6955
Moody’s Rating: Baa2
Minimum & Maximum Investment: $25 – $250,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $250
Fees: Div.: $0 Cash: $0 Cert: $0 Sells: by Phone or Mail for $25+12¢/sh.
52 Week High & Low: $93.44, $69.38