How long would it take to earn $100 a month from American Electric stocks


How long would it take to earn $100 a month from American Electric stocks
How long would it take to earn $100 a month from American Electric stocks

Benzinga and Yahoo Finance LLC may earn commissions or income on some articles through the links below.

American Electric Power Company, Inc. (NASDAQ:Aep), an electric utility company, generates, transmits and distributes electricity for sale to retail and wholesale customers in the United States.

It will report its earnings in the 2024 quarter on February 13. Wall Street analysts expect the company to post EPS of $1.29, up from $1.23 for the year-over-year period. According to Benzinga Pro data, quarterly revenue is expected to be $4.74 billion, up from $4.60 billion in the previous period.

The 52-week price range for shares of American Electric Power was $75.22 to $105.17.

The American powerhouse’s dividend yield is 3.83%. Over the past 12 months, it paid $3.72 per share in dividends.

Don’t miss:

On November 6, 2024, the company announced its third quarter 2024 earnings, posting revenue of $5.42 billion, which missed consensus of $5.434 billion, as reported Gasoline.

Commercial cargo was up more than 10% year-on-year through the third quarter. Based on customer contracts signed to date, the company projects commercial load to grow an average of 20% annually over the next three years.

The US powerhouse cut its 2024 adjusted operating profit per share from $5.53 – $5.73 to $5.58 – $5.68 versus the consensus estimate of $5.62. The company sees 2025 adjusted EPS of $5.75 – $5.95 versus the consensus of $5.98. The company now expects a long-term growth rate outlook of 6% to 8% (vs. 6% to 7% previously).

Trend: Integris’ CEO assembled a team of top investment managers that have $34.22 billion in combined owned and managed assets on the West Coast – Here’s how to invest in your private credit fund that targets 12% APR.

If you want to earn $100 per month – $1,200 per year – from American Electric Dividends, your investment value must be approximately $31,332, which is about 322 shares at $97.25 each.

Understanding Dividend Yield Calculations: When estimating, you need two key variables: the desired annual income ($1,200) and the dividend yield (3.83% in this case). So $1,200 / 0.0383 = $31,332 to generate an income of $100 per month.



Source link

  • Related Posts

    Goya Cares is associated with the tsar of the Tom Homan border to help the traffitated migrant children: “There is no way to stop it alone”

    Goya’s CEO, Bob Unanue, and Fox News collaborator Sara Carter join ‘Fox & Friends Weekend’ to talk about the Goya Cares initiative that joins Tom Homan to locate missing migrant…

    Fortune 500 companies are bracing for a wave of lawsuits by 2025

    © 2024 Fortune Media IP Limited. All rights reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | Ca collection notice and privacy notice…

    Leave a Reply

    Your email address will not be published. Required fields are marked *